Gold prices rally after Japan’s Fukushima meltdown
Gold prices rallied after Japan was evacuated from the Fukushima nuclear power plant and its reactors melted down.
Gold is now trading at about $1,300 an ounce in Tokyo, a 14% increase from the opening day of trading in June.
That’s the biggest one-day gain since the first week of August.
Gold prices have been soaring in recent weeks, up more than 500% since June.
They also have more than doubled in the last two years.