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ING analysts say the yen could remain near current levels against the dollar in coming months. They say Japan and the U.S. are uncomfortable with the dollar above 160 yen; a move below 150 yen would require more Fed caution on raising rates.
Gold futures climbed 1.4% in early European trading as the dollar eased and oil prices fell. Traders are also reassessing the inflation and interest-rate outlook.
Gold futures advanced in early European trade as the dollar softened and oil prices fell. Traders were also reassessing the inflation and interest-rate outlook.