Gold Price in World Currencies Second Quarter 2016.
Gold Closed the Second Quarter of 2016 Up Substantially Against All Major Currencies.Strong second quarter follows gold’s best quarter in thirty years.
Gold vs. Major World Currencies in the Second 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 second quarter of 2016:
Gold vs. the United States Dollar – (+8% in 2nd Qtr 2016) (+16.4% in 1st Qtr 2016) in 1st Qtr 2016) (down 10.4% in 2015) (down 1.4% in 2014)
Gold rose $100 in the second quarter from $1220 an ounce to $1320 as of June 30 2016.
The Federal Reserve’s hollow threats to raise interest rates and the weak economic growth in the U.S. undermined the dollar in the second quarter and supported gold. The Brexit vote on June 23 gave gold a further boost.
Gold rose 8% in the second quarter of 2016.
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Gold vs. the Argentine Peso – (+16.7% in 2nd Qtr 2016) (+ 28% in 1st Qtr 2016) (up 92% in 2015) (up 31% in 2014)
Gold continues to rise against a depreciating Argentine peso.
Gold vs. the Australian Dollar – (+10.9% in 2nd Qtr 2016)( +10.9% in 1st Qtr 2016) (up 0.4% in 2015) (up 7.7% in 2014)
Gold rose over 10% vs. the Australian Dollar in the second quarter.
Gold vs the Brazilian Real – unchanged in the second quarter (+ 14% in 1st Qtr 2016) (up 34% in 2015)
After rising sharply the past 18 months against the Brazilian Real, gold was unchanged as the Real benefitted from higher oil prices in the second quarter.
Gold vs. the British Pound – (+14.9% in 2nd Qtr 2016) (+19.1% in 1st Qtr 2016) (down 5.2% in 2015) (up 5% in 2014)
Gold hit nearly £ 1,000 in the second quarter as Brexit uncertainty caused the pound to weaken and gold to strengthen.
Gold vs. the Canadian Dollar – (+7.6% in 2nd Qtr 2016) ( + 9.2% in 1st Qtr 2016) (up 7.5% in 2015) (up 7.9% in 2014)
Gold continued its ascent against the Canadian Dollar in the second quarter.
Gold vs. the Chinese Renminbi – (+11.3% in 2nd Qtr 2016) (+ 15.4% in 1st Qtr 2016) (-6.2% in 2015) (up 1.2% in 2014)
A series of Yuan devaluations helped gold rise further against the Yuan in the second quarter.
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Gold vs. the European Euro – (+11.2% in the 2nd Qtr 2016) (+ 10.9% in 1st Qtr 2016) (up % in 2015) (up 12.1% in 2014)
Gold rose another 11% in the second quarter against the Euro.
Gold vs. the Indian Rupee – (+9.9% in 2nd Qtr 2016) (+ 16.2% in 1st Qtr 2016)) (down 5.9% in 2015) (up 1% in 2014)
Gold rose about 10% against the Indian Rupee in the second quarter.
Gold vs. the Japanese Yen – unchanged in the second quarter 2016 (+ 8.8% in 1st Qtr 2016) (down 10.1% in 2015) (up 12.3% in 2014)
A strengthening Yen halted gold’s gains in the second quarter.
Gold vs. the Russia Rouble – (+1.2% in 2nd Qtr 2016)(+ 6.5% in 1st Qtr 2016) (up 14% in 2015) (up 79% in 2014)
Rising oil prices and improved Russian’s finances capped gold’s rise against the Rouble in the second quarter.
Gold vs. the Swiss Franc – (+10.7% in 2nd Qtr 2016) (+ 11.3% in 1st Qtr 2016) (down 9.9% in 2015) (up 9.9% in 2014)
Gold rose about 11% in the second quarter of 2016.
Gold vs. the Syrian Pound – (+7.5% in 2nd Qtr 2016) (+ 14.8% in 1st Qtr 2016) (up 28% in 2014)
Gold rose 7.5% against the Syrian pound in the second quarter.
Gold vs. the Turkish Lira (-+3.3% in 2nd Qtr 2016) ( +17% in 1st Qtr 2016) (up 13% in 2015)
Gold rose 3.3% against the Turkish Lira to an all time high in the second quarter.
Gold vs. the Ukraine Hryvnia – (+2.8% in 2nd Qtr 2016) (+ 33% in 1st Qtr 2016) (up % in 2015) (up 90% in 2014)
Gold rose about 3% vs. the ukraine hryvnia in the second quarter.
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Further Reading:
Gold Price in World Currencies 1st Quarter 2016
Gold Price in World Currencies 2015
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
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