GOLD PRICE IN JAPANESE YEN — MAY 1, 2008

On Thursday, May 1, 2008, the gold spot price was C$855.69 per troy ounce in Canadian Dollars, equivalent to ¥89,248.47 JPY per ounce or ¥2,869.40 JPY per gram. Gold fell -1.61% from the previous trading session.

Currency fluctuations between CAD and JPY significantly impact the effective cost of gold for international investors. Japan is the world's third-largest economy and a significant gold consumer, particularly for jewelry and industrial applications. The Bank of Japan's ultra-loose monetary policy has historically supported higher gold prices in Yen terms, making Japan an active gold market for both institutional and retail investors.