Gold prices climbed to nearly $4,215 during the early Asian trading session on Monday, supported by increased inflows into gold ETFs and a weaker US Dollar, according to FX Street.
The rise in gold (XAU/USD) reflects growing investor appetite for safe-haven assets as ETF demand boosts market liquidity. Meanwhile, the softer US Dollar has contributed to making gold more attractive to holders of other currencies.
For Japanese investors, this movement is particularly relevant as fluctuations in gold prices can impact yen-hedged gold products and portfolios amid ongoing global economic uncertainties.