Gold prices continued their upward momentum on Thursday, extending a 4% gain from Wednesday and trading near $4,260. The precious metal held close to a seven-week peak, supported by a softer US Dollar and declining Treasury yields, according to FX Street.
The retreat in Treasury yields and the weakening of the US Dollar have reinforced gold's recovery, making it an attractive safe-haven asset amid ongoing market uncertainties. This dynamic has helped sustain gold's appeal despite fluctuations in other commodities such as crude oil.
For Japanese investors, this trend highlights the potential for gold to serve as a hedge against currency volatility, especially given the recent movements in the yen and broader FX market conditions.