The gold price has rallied strongly, reaching $1,415 per ounce this morning. News that G7 central banks will intervene to contain the value of the yen has also given a significant boost to all stock and commodity markets
With oil prices well above the century mark despite reassurances by Saudi Arabia that it will offset any potential disruptions of the commodity arising out of Libyan civil war, gold rose again overnight and came to within 1% of the all-time high.
Apparently some have become fed up with commodity price inflation as brought to them courtesy of the Fed's "easy money" policies and the resultant addiction of speculative funds to gambling the lifeblood of modern agricultural and industrial life.
The Commodity Futures Trading Commission on Thursday voted to forward a rule restricting the number of commodity futures and option contracts any investor can hold in metals, energy or agriculture derivatives.
A lower level of jobs being created - still near last year's monthly average levels - gave bullion prices a much-needed mini-boost, following the days of incessant selling it had experienced for most of this week.
A rebound in the US dollar that came despite some 'accommodative' remarks made over the weekend by Fed boss Ben Bernanke was the main catalyst for keeping most metal prices from making more gains early Monday.