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Gold steady near two-months highs as North Korea tensions lend support

Reuters  |  BENGALURU 

By Nithin ThomasPrasadBENGALURU (Reuters) - Gold prices held steady after touching their highest in more than two months on Friday, as rising tensions between the United States and North Korea triggered safe-haven buying."Much of the rally (in gold) is because of the increased safe-haven demand," said OCBC Bank analyst Barnabas Gan.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.Geopolitical risks can boost demand for assets considered ...

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First Published: Fri, August 11 2017. 12:11 IST
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