Gold prices surged above the $4,150 mark on Friday, gaining momentum as US Treasury bond yields retreated from their multi-decade highs. According to FX Street, gold (XAU/USD) approached nearly $4,180 during the early Asian trading session.
The precious metal's rebound is closely linked to the pullback in US Treasury yields, which eased ahead of the release of September's US jobs data. This shift in bond yields has helped boost gold's appeal as a safe-haven asset amid ongoing market uncertainties.
For Japanese investors, the move in gold prices highlights potential opportunities in precious metals as global fixed income markets react to key US economic indicators, influencing risk sentiment across FX and equity markets in the region.