Gold futures rise 86 yen to 24,426 yen per gram on Osaka Exchange

Gold futures on Japan's commodity market remained elevated on the 25th, with the benchmark June 2027 contract on the Osaka Exchange at 24,426 yen per gram by 11:30 a.m., up 86 yen from the previous day's settlement. The contract briefly climbed to 24,640 yen shortly after 9:30 a.m., its highest level in approximately three months since mid-May, before profit-taking following the recent rally left prices struggling to extend gains. Gold had settled at 24,344 yen on the 24th, up 405 yen from the prior weekend. Concerns over the widening U.S. fiscal deficit and the dollar's credibility as the world's reserve currency continued to direct funds toward gold as a safe-haven asset, while dip-buying also highlighted its appeal as a physical asset. Platinum futures fell as profit-taking emerged, reflecting the metal's greater exposure to industrial demand and increasingly selective investment flows within precious metals. Gold has strengthened since late August, supported by uncertainty over U.S. fiscal policy and expectations that major central banks will continue buying gold. Markets are reassessing bullion as a strategic asset, with attention turning to U.S. economic data, monetary policy, interest-rate expectations, risk appetite and the dollar-yen exchange rate, which also influences yen-denominated gold prices.

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