London Gold Market Report |
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Gold Rises as Stock Markets Tumble, "Safe Haven" Bond Yields Sink Below Rising Inflation SPOT GOLD PRICES recovered an early 2.1% tumble on Tuesday, rising above $780 an ounce as Japan's Nikkei stock index closed almost 5% lower after Tokyo traders got back to work following a public holiday on Monday. The Japanese Yen shot 3% higher on the forex market as "carry trade" debts – used to fund better-paying trades outside zero-interest-rate Japan – were pulled home in response to the weekend's
Filed under: Fundamental
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