(Bloomberg) -- Gold was little changed in Asia,
after falling to its lowest in more than three months yesterday,
as a decline in the Japanese yen alleviated concerns that
investors might sell the metal.
The yen fell from a two-week high against the U.S. dollar
and euro, on speculation investors resumed sales of the currency
in search of higher returns elsewhere through so-called carry
trades. Gold fell yesterday on concern that investors may sell
the metal to raise funds as the yen rose.
Read more at Bloomberg Commodities News
after falling to its lowest in more than three months yesterday,
as a decline in the Japanese yen alleviated concerns that
investors might sell the metal.
The yen fell from a two-week high against the U.S. dollar
and euro, on speculation investors resumed sales of the currency
in search of higher returns elsewhere through so-called carry
trades. Gold fell yesterday on concern that investors may sell
the metal to raise funds as the yen rose.
Read more at Bloomberg Commodities News
No comments:
Post a Comment