The Japanese yen weakened against the US dollar on Friday. Investors are watching for possible intervention to support the yen. The dollar saw a slight gain against the euro amid low trading volumes. Japan’s government proposed record spending for the next fiscal year. Core consumer inflation in Tokyo slowed but remained above the Bank of Japan’s target.
Decoding gold rally: Why yellow metal surged 15% in one month and should bullion be in your portfolio?
Gold has staged a sharp 15% rally in August after a volatile start to the year, supported by renewed ETF inflows, strong central-bank buying, expectations