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Investors seek safety as North Korea tension escalates; stocks off, gold up

Reuters  |  NEW YORK 

By Rodrigo CamposNEW YORK (Reuters) - U.S. President Donald Trump's warning to North Korea and Pyongyang's threat of possible armed retaliation drove investors out of stocks and other risky assets on Wednesday and into textbook safe-havens like gold and Treasuries.Trump's remarks on Tuesday that North Korea would face "fire and fury like the world has never seen" weighed on Wall Street and drove up the VIX "fear gauge" , or the cost of protection against a drop in the S&P 500.The VIX rose further on Wednesday, as far as 12.63, its highest in more than a month.The Korean People's Army said on ...

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First Published: Thu, August 10 2017. 01:14 IST
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