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Gold Holds Gain as Japan Currency Intervention Weighs on Dollar
Gold maintained a two-day gain as the US dollar sharply declined following Japan's intervention to strengthen the yen. The move by Japan to support the yen weighed on the dollar, indirectly boosting gold prices.
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Adjacent reporting
- Gold Steadies After Japan’s Yen Intervention Weakens Dollar
- Yen touches 160 against dollar, erasing intervention gains
- Gold Steadies After Fed Holds Rates and Signals Inflation Risks
- Yen weakens against dollar, rattling Japan
- Why Japan's $70 billion-plus intervention and a rate hike didn't prop up the yen more