Gold has been as high as $1355/oz this morning, $10 above its NY close, after the lack of concrete announcements from the weekend meetings increased the prospects of currency tensions.
The Nikkei is closed today and the Kospi has opened +0.6% after Wall Street rallied on the prospect of more ‘free’ money. Bad job numbers in the US increased the liklihood of the Fed throwing more money into the system and that’s pushing up prices of any remotely ‘hard’ assets.
