The gold price in Japan has surpassed 20,000 yen for the first time, setting a new historical high

According to ChainCatcher news, Jinshi reported that on the 29th, Japan's gold giant Tanaka Precious Metals (Tokyo) set the store sales price of gold at 20,018 yen per gram (approximately 957 yuan), breaking the 20,000 yen barrier for the first time and setting a historical high. The market expects that with the Federal Reserve's interest rate cuts, the appeal of interest-free gold will relatively increase, leading to a continuous rise in international gold prices, coupled with the depreciation of the yen, which has also pushed up domestic sales prices in Japan.