Gold just jumped a quick $10, testing the key area of resistance through about the $1352 level. A headline from a Chinese official blaming Japan for damaging the atmosphere at a summit meeting by raising the issue of disputed islands may be the catalyst. Japan is responsible for everything in the diplomatic standoff, the official says.
Geopolitical tensions can boost gold as a safe-haven, especially when the US, who has a security pact with Japan, is concerned.
