Geopolitical tensions impact gold prices
DSIJ Intelligence / 10 Aug 2017
Gold edged lower during Thursday’s trade, putting distance from its near two-month high hit in the previous session. This was primarily because of the demand triggered by rising tensions in North Korea.
Gold edged lower during Thursday’s trade, putting distance from its near two-month high hit in the previous session. This was primarily because of the demand triggered by rising tensions in North Korea.
Spot gold fell 0.2% to USD 1275.10 per ounce at 0058 GMT. The precious metal rose 1.3% in the previous session, its biggest gain since mid-May, and touched USD 1,278.66 an ounce, its highest level since June 14. US gold futures for December delivery rose 0.2% to USD 1,281.20 per ounce.
North Korea dismissed warnings by US President Donald Trump on Thursday that it would face “fire and fury” if it threatened the United States and outlined detailed plans for a missile strike near the Pacific territory of Guam.
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