Gold Price in World Currencies First Quarter 2016.
Gold Closed the First Quarter of 2016 Up Against the Dollar; Higher Against All Major Currencies.Gold had its best quarter in thirty Years in the first quarter.
Gold vs. Major World Currencies in the First Quarter of 2016.
Gold Doesn’t Perform, it Endures.
Here are some charts showing gold priced in world currencies and against the dollar in the first quarter of 2016:
Gold vs. the United States Dollar – (+16.4 in 1st Qtr 2016) (down 10.4% in 2015) (down 1.4% in 2014)
In the first quarter of 2016, gold rose against the U.S. dollar more than it did against the Australian Dollar, the Canadian Dollar, the Swiss Franc, the Chinese Renminbi, The Euro and the Japanese Yen.
The Federal Reserve’s hollow threats to raise interest rates and the weak economic growth in the U.S. undermined the dollar in the first quarter and supported gold. The massive decline in the U.S. stock market in January also helped boost gold as safe haven buyers flocked to gold.
Gold’s surge and the dollar’s plunge led at a almost 17% gain in gold vs. the dollar.
Gold vs. the Argentine Peso – (+ 28% in 1st Qtr 2016) (up 92% in 2015) (up 31% in 2014)
Argentina’s messy finances have driven gold higher against the Argentine Peso
Gold vs. the Australian Dollar – ( +10.9% in 1st Qtr 2016) (up 0.4% in 2015) (up 7.7% in 2014)
At one point in the first quarter gold hit $1750 an ounce but fell as the Australian dollar strengthened in March.
Gold vs the Brazilian Real – (+ 14% in 1st Qtr 2016) (up 34% in 2015)
Gold is up nearly 60% over the past two years vs. the Brazilian Real.
Gold vs. the British Pound – (-19.1% in 1st Qtr 2016) (down % in 2015) (up 5% in 2014)
Fears of a “yes” vote in June to Britain leaving the European Union weakened the British Pound vs. Gold.
Gold vs. the Canadian Dollar – ( + 9.2% in 1st Qtr 2016) (up 7.5% in 2015) (up 7.9% in 2014)
Weakness in the Canadian Dollar the past three years has led to gains for gold against the Canadian Dollar each year.
Gold vs. the Chinese Renminbi – (+ 15.4% in 1st Qtr 2016) (-6.2% in 2015) (up 1.2% in 2014)
Gold rose against a devauled Yuan in the first quarter of 2016.
Gold vs. the European Euro – (+ 10.9% in 1st Qtr 2016) (up % in 2015) (up 12.1% in 2014)
The Euro rose against the dolllar despite the European Central Bank’s announcement of additional QE and lower interest rates, but fell 11% against gold.
Gold vs. the Indian Rupee – (+ 16.2% in 1st Qtr 2016)) (down 5.9% in 2015) (up 1% in 2014)
Gold rose 16% against the Indian Rupee in Q1 2016, as the Indian government tried a failed gold monetization scheme and instituted heavy import duties on gold.
Gold vs. the Japanese Yen – (+ 8.8% in 1st Qtr 2016) (down 10.1% in 2015) (up 12.3% in 2014)
Gold rose nearly 9% against the Japanese Yen in the first quarter of 2016.
Gold vs. the Russia Rouble – (+ 6.5% in 1st Qtr 2016) (up 14% in 2015) (up 79% in 2014)
The Russian Rouble has stablized the past 6-12 months leading to muted gains in gold vs the Rouble.
Gold vs. the Swiss Franc – (+ 11.3% in 1st Qtr 2016) (down 9.9% in 2015) (up 9.9% in 2014)
Gold rose 11% against the Swiss Fran in the first quarter of 2016.
Gold vs. the Syrian Pound – (+ 14.8% in 1st Qtr 2016) (up 28% in 2014)
Gold rose nearly 15% in war torn Syria in the first quarter of 2016.
Gold vs. the Turkish Lira -( +17% in 1st Qtr 2016) (up 13% in 2015)
Gold hit an all time high of 3,700 Turkish Lira in the first quarter of 2016.
Gold vs. the Ukraine Hryvnia – (+ 33% in 1st Qtr 2016) (up % in 2015) (up 90% in 2014)
Gold was up 33% in the first quarter of 2016.
Get Free Updates From Smaulgld.com
Subscribe to Smaulgld.com for free to receive gold and silver updates.
Further Reading:
Gold Price in World Currencies Third Quarter 2015
Gold Price in World Currencies Second Quarter 2015
Gold Price in World Currencies First Quarter 2015
Gold vs. World Currencies 2014
Gold and Silver Manipulation – Suspected
Silver and Gold Manipulation – Actual
Gold is an Asset, Not an Investment
Please visit the Smaulgld Store for a large selection of recommended Kindles, books, music, movies and other items.
Or you can support Smaulgld.com by making all your Amazon purchases through the search widget below and by ordering your gold and silver by clicking on the JM bullion, BGASC, Golden Eagle Coin, Perth and Royal Canadian Mint ads on the site.
DISCLOSURE: Smaulgld provides the content on this site free of charge. If you purchase items though the links on this site, Smaulgld LLC. will be paid a commission. The prices charged are the same as they would be if you were to visit the sites directly. Please do your own research regarding the suitability of making purchases from the merchants featured on this site.
Chart Disclaimer: Information presented here has been obtained from a third party and is presented for information purposes only. Smaulgld can not and does not guarantee the accuracy or timeliness of the data displayed on this site and therefor the data provided should not be used to make actual investment decisions. You should always consult a professional investment adviser before investing in precious metals or any type of investment. You acknowledge that Smaulgld assumes no responsibility for the integrity of data on this site.
The content provided here is for informational purposes only. Making investment decisions based on information published by Smaulgld (SG), or any Internet site, is not a good idea. Accordingly, users agree to hold SG, its owner and affiliates, harmless for all information presented on the site. SG presents no warranties. SG is not responsible for any loss of data, financial loss, interruption in services, claims of libel, damages or loss from the use or inability to access SG, any linked content, or the reliance on any information on the site.
The information contained herein does not constitute investment advice and may be subject to correction, completion and amendment without notice. SG assumes no duty to make any such corrections or updates. As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of that investment. SG disclaims any and all liability relating to any investor reliance on the accuracy of the information contained herein or relating to any omissions or errors and as such disclaims any and all losses that may result.
Send Litecoin to this address:
