Yen Holds Near Two-Month High Versus Dollar Amid Risk Aversion

Japan��s currency was near a two-month high versus the dollar as fighting in Ukraine and anti-China violence in Vietnam prompted demand for safety.The yen held a three-day gain as the yield premium 10-year U.S. Treasuries offer over similar-maturity Japanese government bonds was near a seven-month low. Federal Reserve Chair Janet Yellen speaks this week and a Labor Department report on May 22 is forecast to show the number of Americans...

Gold Holds Below $1,300 as U.S. Economy Weighed Against Ukraine

Gold held below $1,300 an ounce as investors assessed the health of the U.S. economy and the impact on monetary stimulus against tension in Ukraine.Bullion for immediate delivery traded at $1,294.06 an ounce at 9:42 a.m. in Singapore from $1,293.52 on May 16, according to Bloomberg generic pricing. Last week, the metal completed the first weekly gain in three as separatists fought government forces in Ukraine.Gold tumbled 28 percent in...

Gold Caps Biggest Weekly Gain This Month as U.S. Confidence Sags

Gold futures posted the biggest weekly gain this month as an unexpected decline in consumer confidence rekindled U.S. growth concerns, boosting demand for haven assets. The Thomson Reuters/University of Michigan preliminary sentiment index decreased to 81.8 in May from 84.1 in April, data released showed today. The median projection in a Bloomberg survey of economists called for a gain to 84.5. The Standard & Poor��s 500 Index of...