Gold price in Japan surpasses 20,000 yen for the first time, reaching a record high
ChainCatcher news, according to Golden Ten Data, Japanese gold giant Tanaka Precious Metals Industry Co. (Tokyo) set the in-store sales price of gold at 20,018 yen per gram (approximately 957 RMB) on the 29th, surpassing the 20,000 yen mark for the first time and reaching a historic high. The market expects that with the Federal Reserve's interest rate cuts, the appeal of non-interest-bearing gold will relatively increase, causing international gold prices to continue rising. In addition, the depreciation of the yen has also pushed up domestic sales prices in Japan.
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