Gold prices rose last week around 300 pips amid rising tensions between
the United States and North Korea after the North responded to warnings
from US President Donald Trump with a threat to strike the US territory
of Guam. With tensions mounting between the United States and North
Korea, investors have been moving into the precious metal and other safe
haven trades. Gold testing 2-month peaks in levels just shy of the
critical barrier at $1,300. Spot gold rose 3 per cent to $1,286 per
ounce.
Volatility spread across asset classes on Thursday, as the CBOE volatility index spiked to its highest level since May, gold prices rose to two-month highs and all major U.S. equity indices closed lower, with the S&P 500 falling by 1.45 percent. The US administration is looking to seek a diplomatic resolution with North Korea and there is a notable reaction today on markets, with gold and the yen lower, equities higher, whilst US Treasury yields have also picked up.
Volatility spread across asset classes on Thursday, as the CBOE volatility index spiked to its highest level since May, gold prices rose to two-month highs and all major U.S. equity indices closed lower, with the S&P 500 falling by 1.45 percent. The US administration is looking to seek a diplomatic resolution with North Korea and there is a notable reaction today on markets, with gold and the yen lower, equities higher, whilst US Treasury yields have also picked up.
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