Dollar's dip gives gold a glister THE gold price has fallen about $US55 in a month and the Australian dollar has dropped more than 8c lower against the US dollar across the same timeframe. On the surface, it would appear that Australian gold investors have suffered a double whammy. While gold has recovered from its low point in April of $US1322 per ounce, and is trading around the $US1400 level, the dollar has gone into freefall against the greenback.