“Terrorist tragedies tend to rattle financial markets so it was no surprise that the markets opened lower yesterday in the wake of Friday’s atrocities in Paris, with investors reacting to events by seeking safe havens to protect them from any fallout.

Gold, which is widely seen as a safe store of value in times of trouble, inevitably benefitted from this. BullionVault reports that the mid-morning London benchmarking auction saw the highest demand for gold since August, while Reuters notes that in the first ten minutes of trading in New York yesterday some 3,000 lots changed hands, ten times the average level over the past two months.” The Week