Despite continued rapid money creation in japan, stock prices are pulling back. Meanwhile gold has jumped back over $1,400/ounce in early morning trading reports the Wall Street Journal.
Gold prices hit an eight-day high, reaching $1,410.73 a troy ounce in early European trade. Prices took support from the weak Asian stock markets overnight, which boosted gold’s appeal as a hedge against wider market insecurity. Spot gold was up recently at $1,402.90 an ounce.