Gold prices bounce to almost $US2000

Sky News Australia

The gold prices have bounced around close to $US2000.

But when looking at gold in Australian dollars it’s even more interesting, the dollar is languishing at around 64 US cents because of the gap between US and AUD interest rates.

That pumps up anything quoted in US dollars.

When you convert the gold price to AUD you come up with $3111 or so an ounce.

In the past day it touched an all-time high of $3150 per ounce.