1. Gold prices in Japan reached a new high, surpassing 20,000 yen per gram for the first time on Monday, due to increased safe-haven buying caused by renewed UN sanctions on Iran and geopolitical concerns.
2. On the Osaka Exchange, gold futures also marked an all-time high, trading above 18,400 yen per gram. This surpassed the previous record set just a few days prior.
3. The escalating speculation about another interest rate cut by the US Federal Reserve is contributing to increased buying of gold.
2. On the Osaka Exchange, gold futures also marked an all-time high, trading above 18,400 yen per gram. This surpassed the previous record set just a few days prior.
3. The escalating speculation about another interest rate cut by the US Federal Reserve is contributing to increased buying of gold.
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Summary
Gold prices in Japan hit a record high, surpassing 20,000 yen per gram on Monday due to increased safe-haven buying triggered by renewed UN sanctions on Iran and geopolitical concerns. On the Osaka Exchange, gold futures also marked an all-time high. The US Federal Reserve's speculation about