Gold prices continued to retreat from a two-month peak near $4,450, marking a second consecutive day of declines on Friday, according to FX Street. The precious metal eased lower following a brief rally that pushed it to its highest level since June 5.
Simultaneously, the US Dollar Index slipped below the 100 mark, trading around 99.90 in Asian hours. FX Street attributed this weakening to softer-than-expected US inflation data, which weighed on the greenback.
For Japanese investors, these moves are significant as shifts in the US Dollar and gold prices can influence the performance of dollar-denominated assets and safe-haven demand amid ongoing global economic uncertainties.