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Gold buoyed by U.S.-North Korea tensions


By Zandi ShabalalaJOHANNESBURG (Reuters) - Gold rose to two-month highs on Friday as investors sought refuge from the uncertainty of escalating security tensions between North Korea and the United States.U.S President Donald Trump warned North Korea again on Thursday not to strike Guam or U.S. allies, saying his earlier threat to unleash "fire and fury" on Pyongyang if it launched an attack may not have been tough enough.Spot gold was up 0.1 percent at $1,287.83 per ounce at 0955 GMT, set for its biggest weekly gains since April. It earlier hit its highest since June 8 at $1,288.97 an ...

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First Published: Fri, August 11 2017. 17:33 IST