Mind the Gap

Gold bugs are loving the gap higher in late New York trade. Double hit for those in Australia with the AUD:USD falling approx 1 cent overnight to $1.023. 'Safe Haven' demand and lower Euro zone equity prices as European markets reopened after the Easter break are being cited for the heightened demand. Although it could it be just investors having a chance to reflect over the Easter break of the unresolved Euro dramas, particularly the worsening situation in Spain, and coming to the realisation that some (or more) Gold in their portfolio would be prudent.