A: Hey Yuki, any news from the gold market?
B: Not really, why do you ask?
A: Well, it's hitting the roof! Tanaka Precious Metal Technologies says it reached over 20,000 yen per gram for the first time - that's about 135 bucks!
B: Whoa, that sounds expensive! Where did this happen?
A: On Monday, on the Osaka Exchange. And guess what? Gold futures marked an intra-day record, going over 18,400 yen per gram!
B: That's crazy! What about the US Federal Reserve? Any news there?
A: Yep, they might cut interest rates again. Seems like that's fueling gold buying.
B: Wow, looks like it's a good time to keep an eye on the market then! Thanks for letting me know, buddy!
B: Not really, why do you ask?
A: Well, it's hitting the roof! Tanaka Precious Metal Technologies says it reached over 20,000 yen per gram for the first time - that's about 135 bucks!
B: Whoa, that sounds expensive! Where did this happen?
A: On Monday, on the Osaka Exchange. And guess what? Gold futures marked an intra-day record, going over 18,400 yen per gram!
B: That's crazy! What about the US Federal Reserve? Any news there?
A: Yep, they might cut interest rates again. Seems like that's fueling gold buying.
B: Wow, looks like it's a good time to keep an eye on the market then! Thanks for letting me know, buddy!
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Summary
Gold price surged past 20,000 yen per gram on the Osaka Exchange for the first time, reaching approximately 135 USD. Gold futures also marked an intra-day record of 18,400 yen per gram. This upward trend is linked to potential interest rate cuts by the US Federal Reserve, fueling gold buying