Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

Gold Nears 12-Month High on North Korea Concerns

Gold prices have spiked to their highest point in almost a year as safe-haven assets continue their march upwards against a backdrop of ongoing tensions surrounding North Korea and its nuclear program.The precious metal edged around 1 percent higher in early Monday trade, hitting $1,338.16 per troy ounce by 9:30 a.m. London time, to stand marginally shy of the 12-month peak of $1,338.48 reached on September 24 last year.Prices had pulled back slightly in later trade to hover around $1,334.48 by lunchtime in London.Gold’s rally has directionally tracked those of fellow safe-haven assets including the Japanese yen and Swiss franc during Monday’s session, following North Korea’s latest missile test over the weekend.

Source: Gold nears 12-month high on North Korea tensions but experts warn it could soon reverse

Risk Aversion Spreads After Latest Missile Test

North Korea Thermonuclear Ambitions Rock Markets

This post first appeared on MarketPulse - MarketPulse - MarketPulse Is The Mar, please read the originial post: here

Share the post

Gold Nears 12-Month High on North Korea Concerns


Subscribe to Marketpulse - Marketpulse - Marketpulse Is The Mar

Get updates delivered right to your inbox!

Thank you for your subscription