First Law of Motion: Law of Inertia (from a physics textbook) [Kori Mori]

Shin Kameda Profile

Economist. Affiliated with a think tank (United States). Specializes in exchange rate policy, monetary policy, macroeconomic policy, and financial regulation. Interacts with market participants, financial authorities, and policy makers, and analyzes currency movements from multiple angles.

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※This article is a reprint/re-edited version of FX攻略.com May 2019 issue (published March 20, 2019). The market information written in the body may differ from current market conditions, please note.

This is a very personal matter, but since I had informed readers, I would like to report the results of running a half-marathon. Unfortunately, despite training so hard, the result was not a good time in the upper 2 hours. Finishing was the best I could do.

Just between us, up to the turning point I was able to run, but on a mountain trail with steep ups and downs and low temperature, my muscles stiffened and I ended up walking uphill (though it doesn’t excuse that I mostly trained on flat ground...).

Gold Prices Rising

Since early last autumn, the gold market has shown an upward trend. On February 8, the spot price of gold is $1,318.50 per ounce. This month’s theme is to explore what lies behind this rise in gold prices.

First, I’d like to look back at gold prices from 2008 to 2011.