Key Facts
• On September 3, gold futures at the Osaka Exchange surged significantly.
• The August 2026 settlement price exceeded ¥17,000 per gram for the first time.
• The price temporarily rose ¥360 from the previous day, reaching ¥17,120.
• The surge followed a sharp rise in New York gold futures due to U.S. economic uncertainty.
• Safe-haven demand for gold increased amid Federal Reserve-related pressures and personnel issues.
• The New York gold futures market hit an all-time high on September 2.
• Yen depreciation and dollar appreciation further boosted yen-denominated domestic prices.
Summary
Gold futures at the Osaka Exchange reached a historic milestone on September 3, with the August 2026 settlement price surpassing ¥17,000 per gram for the first time. This significant rise was driven by a sharp increase in New York gold futures, fueled by uncertainty surrounding U.S. economic prospects and Federal Reserve policies. Safe-haven demand for gold surged as the New York market hit a record high on September 2. Additionally, yen depreciation against the dollar contributed to the rise in yen-denominated domestic gold prices. The price of the August 2026 settlement temporarily climbed ¥360 from the previous day, reaching ¥17,120.
