Gold Hits Pre-Taper Level At $1345; Decouples From AAPL (For Now)

Before the new Royal prince showed his face (and waved to his people), gold was limping higher at around $1335. Soon after, it appears the world demand for gold surged as baby-baubles were bid (and iPads offered). Gold has spiked to Pre-FOMC levels around $1350. Not only is gold back to pre-Taper levels but it has broken one of its more odd correlations in the last few days - that of the AAPL-coupling.

back to pre-FOMC levels (pre-Taper) levels...

And AAPL (ahead of tonight's earnings) has decoupled from Gold after 18 months of tight coupling...

Charts: Bloomberg