Gold holds gains after Japan intervention weakens dollar

13 articles · Updated · Bloomberg · Apr 30

Bullion edged up to near $4,630 an ounce in early trading after rising 1.5% in the previous session, while the yen jumped more than 2%.
The Nikkei newspaper reported the Japanese government bought yen and sold dollars, helping drive the currency to its biggest gain in three years.
A weaker US dollar typically supports gold prices because the metal is priced in dollars, making it more attractive to holders of other currencies.

Japan is selling dollars to save its currency. Will this high-stakes gamble push gold to a record-breaking $6,300?

As central banks hoard gold, is Japan's move the final crack in the US dollar's global dominance?