(Bloomberg) -- Gold was little changed in Asia after
falling to its lowest in more than three months yesterday on
concern that investors paring holdings of higher-yielding assets
financed by Japanese currency loans might sell the metal.
The yen gained the most against favorites for so-called
carry trades, rising for a third day against the Australian
dollar and the most in two weeks against the New Zealand currency.
Investors may sell the metal to raise funds as the yen rises.
Read more at Bloomberg Commodities News
falling to its lowest in more than three months yesterday on
concern that investors paring holdings of higher-yielding assets
financed by Japanese currency loans might sell the metal.
The yen gained the most against favorites for so-called
carry trades, rising for a third day against the Australian
dollar and the most in two weeks against the New Zealand currency.
Investors may sell the metal to raise funds as the yen rises.
Read more at Bloomberg Commodities News
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