Gold Bugs in Japan Reaping Rewards as Yen Weakness Persists
- Domestic precious metal prices have surged 18% since January
- Expensive stocks, ETF demand also adding to bullion’s allure
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As weakness in the yen looks set to continue into next year, prospects for gold priced in the Japanese currency have rarely looked so good.
Japanese investors with exposure to yen—denominated bullion have earned themselves healthy returns so far this year, with domestic prices for the precious metal now hovering around a record high of 10,000 yen per gram — up around 18% since January.