Gold resumed its rise for a fourth straight session, climbing to a one-week high, as the dollar slipped sharply against the yen after the BOJ’s decision and most Asian shares ended lower.
The precious metal hit a high of $1258.63 an ounce, while currently trading around $1256.72 from the opening at $1245.19.
The dollar plunged nearly 3 percent versus the yen after the BOJ defied analysts’ forecasts by holding its stimulus and deposit rate.
The dollar index, which tracks the green currency’s movements versus a basket of major currencies, dropped for a fourth straight sessions to hover around 93.75.
The green currency slipped on Wednesday after the Federal Reserve refrained from hiking its interest rates, while not referring to the timing of the first rate increase this year.
Later in the day, the U.S. will release its first-quarter GDP data that may signal a 0.7 percent expansion, following a 1.4 percent growth the previous three months.
Gold has gained nearly 18 percent this year, buoyed by the delay by the Fed regarding raising interest rates and monetary easing by major central banks.
Bullion is mainly sensitive to interest rates, especially from the Fed, since gold does not provide any yield to its holders.
Asian shares were mostly lower, where Japan’s Nikkei 225 index led the decline with a plunge of 3.61 percent to 16,666.05.
