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Gold bullion jumps over $1360.00 on PBoC.

With the central bank of China raising interests rates in an attempt to cool inflationary pressures, gold futures are on the rise as investors look to safer alternatives. So far the most active contract for April delivery is up around $12.00, trading currently at $1364.20 a troy ounce. 
The PBoC rate hike has put a damper on overall risk appetite, yet equities over New York remain slightly in the green in attempt to extend the recent winning streak. Gold remains buoyed by safe-haven demand while physical demand continues strong following the recent Chinese New Year celebrations.