Tokyo gold hits record high for a third session

Tokyo gold hits record high for a third session

SINGAPORE - Benchmark gold futures contract traded on the Tokyo Commodity Exchange hit a record high for a third consecutive session, rising to as high as 4,828 yen a gram and shrugging off a pause in the yen's slide against the dollar.

The currency held firm following a warning about its excessive weakness by Japan's economics minister, after the yen dropped to a 2-1/2-year low against the greenback earlier in the week.

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