Analysts said yen's retreat against the dollar has made the metal more expensive for buyers in Japan while global benchmark prices of gold in dollars are little changed this year.
TOKYO(BullionStreet): Japan continued to slash yen's value against the dollar which hiked gold prices to new highs in the Nippon nation.
According to major gold dealers in Tokyo, some gold holders may be preparing to cash out of some bullion due to the situation.
Japanese gold prices jumped 4.2% since the start of the year and about 10% since late November after authorities sparked a slide in the yen by pushing for further monetary easing to boost the sluggish economy. ...