Gold futures in Japan came under selling pressure on the morning of the 28th, with the benchmark August 2027 contract on the Osaka Exchange trading at ¥24,228 per gram as of 11:30 a.m., down ¥130 from the previous day’s settlement. Investors unwound positions after U.S. long-term interest rates rose on inflation concerns, reducing the relative appeal of non-yielding gold, while a decline in New York gold futures also weighed on the domestic market. Japanese gold futures had risen on the 27th as a weaker yen and gains in New York supported buying. Crude oil futures in Japan opened higher after overseas prices advanced, with supply concerns and expectations for a recovery in demand providing support. Gold is likely to remain sensitive to U.S. monetary-policy expectations and economic data, while oil traders will focus on major producers’ supply trends and the pace of China’s demand recovery.