Gold price in Japan again renewed historical high
The price of gold in Japan has again updated its historical maximum against the background of the continuing growth of investor interest in this asset and the depreciation of the national currency – according to the data of traders and trading on July 5th, TASS reports
Tanaka Kikinzoku, one of the country’s largest producers and sellers of precious metals, set today the retail price for 1g of gold at 9,886 Yen ($68.4). Meanwhile, gold futures on the Tokyo Mercantile Exchange are trading at around 8,932 Yen ($61.8).
Meanwhile, the weakening of the national currency against the US Dollar continues. Since the opening of currency trading on July 5th, the Yen has weakened by 0.02 percent and reached the mark of 144.53-144.55 Yen per US Dollar. One of the main factors for the weakening of the Japanese national currency is the soft monetary policy pursued by the Bank of Japan (Central Bank) aimed at stimulating the market.
