None
EN
Yen rises 1% against dollar after US jobs report, gold up nearly 3%
['Estefano Gomez']
Crypto Briefing
Gold Price by End of DecemberThe yen saw a 1% increase against the dollar after the release of a U.S. jobs report, with the exchange rate reaching approximately 158.505 yen per dollar.
Gold prices also rose nearly 3% in response to the report, climbing to around $4,254 per ounce, marking a weekly increase of over 5%.
AdvertisementKey TakeawaysThe yen’s 1% rise against the dollar suggests market participants may view the U.S. jobs report as an indicator of potential shifts in monetary policy.
Gold’s nearly 3% increase following the report appears consistent with a rise in safe-haven demand amid economic uncertainty.
Recent geopolitical tensions involving Iran, Pakistan, and Turkey may contribute to fluctuations in both currency and gold markets.