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Gold hits one-year high as tensions over North Korea nuclear test escalate

South Korea in talks with US on deploying aircraft carriers, strategic bombers to Korean peninsula

Reuters  |  London 

Gold prices shot up on Monday to their highest in close to a year as investors bought safe-haven assets on worries that North Korea might launch more missiles after its sixth and largest nuclear test. A weaker dollar also underpinned gold, which is likely to continue its upward momentum in the coming days, said Tom Kendall, head of precious metals strategy at ICBC Standard Bank. "We've got the geopolitics and we've also got a fairly benign interest rate environment. There's still nothing threatening coming out of the Fed," he said, referring to the US ...

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First Published: Tue, September 05 2017. 09:22 IST