Gold Priced in World Currencies – First Quarter 2016

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.

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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 vs us dollar Q1 2016

Gold’s surge and the dollar’s plunge led at a almost 17% gain in gold vs. the dollar.

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Gold vs. the Argentine Peso – (+ 28% in 1st Qtr 2016) (up 92% in 2015) (up 31% in 2014)

gold vs argentine peso Q1 2016

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)

gold vs australian dollar Q1 2016

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 vs Brazlian real Q1 2016

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)

gold vs British pound Q 1 2016

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)

Gold vs Canadian Dollars Q1 2016

Weakness in the Canadian Dollar the past three years has led to gains for gold against the Canadian Dollar each year.

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Gold vs. the Chinese Renminbi – (+ 15.4% in 1st Qtr 2016) (-6.2% in 2015) (up 1.2% in 2014)

gold vs chinese renimbi Q1 2016

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)

gold vs euro Q1 2016

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.

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Gold vs. the Indian Rupee – (+ 16.2% in 1st Qtr 2016)) (down 5.9% in 2015) (up 1% in 2014)

Gold vs Indian rupee Q1 2016

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 vs japanese yen Q1 2016

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)

gold vs russian rouble Q1 2016

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 vs swiss francs Q1 2016

Gold rose 11% against the Swiss Fran in the first quarter of 2016.

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Gold vs. the Syrian Pound – (+ 14.8% in 1st Qtr 2016) (up 28% in 2014)

gold vs syrian pound Q1 2016

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 vs Turkish lira Q1 2016

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 vs ukraine Hryvnia Q 1 2016

Gold was up 33% in the first quarter of 2016.

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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

The Importance of Gold

Gold Reserves By Country

Gold Supply and Demand

China and Gold

Russia and Gold

India and Gold

Gold and Silver Manipulation – Suspected

Silver and Gold Manipulation – Actual

Gold is an Asset, Not an Investment

Gold vs. the Dollar

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