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Gold Dips as Dollar Strengthens on Japan’s Debt Strategy

Gold's Quickest $500 Climb in History
Gold's Quickest $500 Climb in History

Gold fell as much as 1.4% amid a stronger US dollar and easing demand for safe-haven assets.

The dollar gained strength on news that Japan might adjust debt levels, which also pushed global bond yields higher.

Investors are watching for signals of progress in US-EU trade talks and upcoming US inflation data.

Despite the recent decline, gold has seen a significant year-to-date gain of over 25%, with short-term price forecasts suggesting a rebound towards $3,500 per ounce.

Eight more from the desk

Other dispatches from the bullion wire.