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Gold gains on escalating North Korea tensions

Reuters  |  LONDON 

By Maytaal AngelLONDON (Reuters) - Gold rose on Wednesday after North Korea said it is considering an attack on the U.S. Pacific territory of Guam just hours after President Donald Trump warned Pyongyang that any threat to the U.S. would be met with "fire and fury".The tensions rattled through global markets, sending investors out of equities and into the safety of the yen, Swiss franc, and government debt. The VIX "fear gauge" of expected volatility on the S&P 500 hit a near month high on Tuesday."The market hates uncertainty and that's certainly what we have now," said Ole Hansen, head of ...

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First Published: Wed, August 09 2017. 18:07 IST
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