GOLD PRICE IN JAPANESE YEN — MAY 5, 2008

On Monday, May 5, 2008, the gold spot price was C$883.55 per troy ounce in Canadian Dollars, equivalent to ¥92,154.27 JPY per ounce or ¥2,962.83 JPY per gram. Gold rose +1.41% 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.