You are here: Home » Reuters » News
Business Standard

Gold hits two-month peak on North Korea war of words

Reuters  |  LONDON 

By Eric OnstadLONDON (Reuters) - Gold hit 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.North Korea on Thursday outlined detailed plans for a missile strike near the Pacific territory of Guam, keeping up a war of words with U.S. President Donald Trump after he said Pyongyang would face "fire and fury" if it continued to threaten the United States. "For now, the uptrend is very much intact in gold, reacting to external geopolitical events," said Jonathan Butler, commodities ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Thu, August 10 2017. 18:18 IST