USD/JPY Rate Check Helps Boost Gold Above US$5,000
The US Federal Reserve’s January 23 decision to help support Japan’s beleaguered yen is believed to be behind gold’s historic price rise past the US$5,000 per ounce level. The New York Federal Reserve reportedly conducted a “rate check” with currency dealers regarding the US dollar/Japanese yen exchange rate. The procedure used by central banks involves […]
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