Japan’s Suzuki: Rapid FX moves undesirable

Gold
price
drifts
lower
during
the
Asian
session
on
Friday
and
erodes
a
part
of
the
previous
day’s
softer
US
CPI-inspired
strong
move
up
to
the
$2,424-2,425
region.
A
modest
uptick
in
the
US
Treasury
bond
yields
assists
the
US
Dollar
in
attracting
some
buyers.
This,
along
with
a
positive
risk
tone,
undermines
the
yellow
metal.