【Fujitomi】Tokyo Gold rises on a favorable tone from NY gold

(Tokyo Precious Metals)
Gold in Tokyo for the 5th is rebounding from the supportive tone of NY gold. As of 11:00, the April futures contract for gold is 26 yen higher at 4,535 yen, and the April futures for platinum is 45 yen higher at 3,390 yen.
Following the weak U.S. jobs data, the dollar has weakened, which has been favorable for Tokyo gold, causing a rapid rise since the weekend. As NY gold increased its gains at the start of the week, Tokyo gold has reached new highs. With COMEY's former FBI Director testimony in Congress on the 8th and the UK general election upcoming, both are seen as risk factors that could support gold. While a stronger yen remains a watch point, it is expected to be supported by the bullish tone in NY gold, and the buying stance cannot be shaken.
https://www.fujitomi.co.jp/?p=15677

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