Gold climbed to a fresh record high after a U.S. government agency clarified that import tariffs would apply to one-kilo gold bars, sparking turmoil in the global bullion market.

JGBs edge lower in early Tokyo trade, tracking overnight price declines in U.S. Treasurys. Both JGBs and Treasurys tend to move in tandem. Japan’s government bond market appears to be subdued ahead of ...