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Gold hits two-month high on Trump, North Korea war of words

Reuters  |  LONDON 

By Eric OnstadLONDON (Reuters) - The price of gold climbed to the highest levels in two months on Thursday as the United States and North Korea exchanged more threats, prompting investors to buy bullion as a safe haven asset. "For now, the uptrend is very much intact in gold, reacting to external geopolitical events," said Jonathan Butler, commodities analyst at Mitsubishi in London.The spot gold price was up 0.7 percent at $1,286.07 per ounce by 1400 GMT, after hitting an earlier high of $1,286.40, its highest level since June 8. The price rose 1.3 percent in the previous session, the ...

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First Published: Thu, August 10 2017. 19:47 IST