Yen climbs as gold dip triggers market volatility

By Gregor Stuart Hunter SINGAPORE (Reuters) -The U.S. dollar weakened in Asian trading on Wednesday, edging back from its highest level against the Japanese yen in a week, as a short-lived dip in gold prices triggered a rebalancing across various safe-haven assets. Gold rose 0.5% to $4,145.29 per ounce after its biggest one-day plunge in five years the previous session. Investor confidence proved fragile, with bullion prices briefly falling to a one-week low of $4,003.39 during the morning, taking the shine off the best rally for the metal in almost half a century. "What goes up has to go down," said Alex Hill, managing director at Electus Financial Ltd in Auckland. "You've had a market that's gone parabolically higher, at some point it's going to get some relief." The yellow metal is expe