(Bloomberg) -- Gold was little changed in Asia after earlier rising as a gain in the U.S. dollar against the Japanese yen sparked buying in the dollar-denominated gold for immediate delivery and selling in yen-denominated gold futures in Tokyo.
The Japanese yen is heading for a fourth weekly decline against the dollar as signs of weakening growth are likely to keep the Bank of Japan from lifting borrowing costs anytime soon. Declines in the yen have made some gold futures contracts traded in Japanese yen on the Tokyo Commodity Exchange more expensive than the gold for immediate delivery traded in U.S. dollars.
Read more at Bloomberg Commodities News
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