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Yen Gains With Gold as Stocks Decline Across Asia: Markets Wrap

From bloomberg.com

Haven assets were favored in initial trading Monday after Donald Trump provided investors with little to back up his policy stance. Gold and the yen climbed with U.S. and Australian government bonds, while Asian shares retreated. The yen strengthened and gold added to a four-week advance. Japan’s Topix index lost 1.3 percent and Australian shares dropped. The dollar fell as Asian traders reacted for the first time to Donald Trump’s inauguration and comments by Bank of Japan Governor Haruhiko Kuroda that the greenback could strengthen. Trump began work as U.S. president after saying he’d place American interests at ... (full story)

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