Gold prices in Japan hit a new high during trading hours on Tuesday, as investors fled to safety following the failures of two US banks.
Benchmark gold futures traded at 8,185 yen a gram, or about 61 dollars, at one point on the Osaka Exchange. That topped the previous high of 8,160 yen set in April last year.
Market analysts say the US bank failures rattled investors, who sold stocks and bought gold instead.
Benchmark gold futures traded at 8,185 yen a gram, or about 61 dollars, at one point on the Osaka Exchange. That topped the previous high of 8,160 yen set in April last year.
Market analysts say the US bank failures rattled investors, who sold stocks and bought gold instead.
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Summary
Gold prices in Japan reached a new high on Tuesday due to investor safety concerns following the collapse of two US banks. Benchmark gold futures peaked at 8,185 yen per gram, surpassing the previous high from April last year. Analysts attribute this trend to investors selling stocks and
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ID: acd06b69-81ea-45d3-b20b-fe65831ddcd2
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20230314_24/
Date: March 14, 2023
Created: 2023/03/14 17:42
Updated: 2025/12/09 06:15
Last Read: 2023/03/14 18:44