Japanese investors are selling yen to purchase foreign bonds, which is pushing up the value of the dollar and lowering the price of gold.
Articles Tagged "japan"
Many are concerned about gold's role in the current risk-on environment. The WGC weighs in.
Bloomberg reported that gold futures hit a 29-week high as a result of expectations that demand will increase as central banks in the United States, Japan and Europe take steps to fuel economic growth.
Reuters reported that May marked a 15-month low for gold exports from Japan.
USA Today reported that the disaster in Japan is affecting gold commodities.
Gold fell more than $33 per ounce on the day as investors look for liquidity to raise capital in light of the Japanese disaster. The increasing fears of a full nuclear meltdown and the crash of the Japanese markets which lost 14 percent on the day, have attributed to investors seeking safe heaven currencies.
BullionVault reported on how gold prices are affected by the recent Japan tsunami.
Reuters Africa reported that gold increased following an earthquake in Japan and on concerns about unrest in the Middle East.
Digitaljournal.com reports that global economies are likely to avoid a double-dip recession.
Japan’s Sumitomo Metal Mining Co Ltd. declared that the company itself and Sumitomo Corp. will purchase Teck Resources Ltd’s 40 percent stake in the Pogo gold mine in Alaska, making the Japanese mining company the operator of an overseas mine for the first time. For full story, click here