GOLD PRICE IN JAPANESE YEN — DECEMBER 7, 2009

On Monday, December 7, 2009, the gold spot price was C$1,220.99 per troy ounce in Canadian Dollars, equivalent to ¥127,349.26 JPY per ounce or ¥4,094.37 JPY per gram. Gold fell -1.22% 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.