Gold Price Up On Some Fresh Safe-Haven Demand
New York (Apr 28) Gold prices are higher in early New York trading on some Fresh safe-haven demand. Gold bulls continue to hold the overall near-term technical advantage on the charts. The Bank of Japan held its regular monetary policy meeting on Thursday. The BOJ left its monetary policy unchanged, which unsettled many in the marketplace who were looking for additional stimulus measures to be unveiled. The Japanese yen rallied and Japanese stocks sold off sharply in the wake of the BOJ meeting. The BOJ inaction came despite a report released Thursday that showed consumer price inflation in Japan down 0.3% in March, year-on-year.