Gold prices fell to a near two-month low of around $4,110 during the early Asian session on Thursday, pressured by a stronger US Dollar and rising US Treasury bond yields, according to FX Street.
The precious metal, often seen as a safe haven, faced headwinds as the US Dollar gained strength, making gold more expensive for holders of other currencies. Additionally, higher yields on US Treasury bonds reduced gold's appeal, as they increase the opportunity cost of holding non-yielding assets like gold.
For Japanese investors, this movement comes amid ongoing volatility in currency and bond markets, impacting portfolio strategies across FX and equities sectors.