GOLD PRICE IN JAPANESE YEN — MAY 19, 2009

On Tuesday, May 19, 2009, the gold spot price was C$1,069.88 per troy ounce in Canadian Dollars, equivalent to ¥111,588.48 JPY per ounce or ¥3,587.65 JPY per gram. Gold fell -0.08% 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.