AUSTRALIA: Spot gold starts the week at A$1375 an ounce

Sydney-Australia (May 12)   In the local currency based on AUD / USD 0.936, gold is fetching around A$1375 an ounce.


Gold in the spot market has opened the week slightly weaker at US$1289 an ounce.

In the local currency based on AUD / USD 0.936, gold is fetching around A$1375 an ounce.

On Friday in the futures market, the yellow metals was little changed at USUS$1,287.60 an ounce on Comex.

Last week gold lost 1.2%, for its first weekly loss on three.