KITCO NEWS - Gold prices pushed to a two-month high Wednesday, on solid safe-haven demand. There is keen anxiety in the marketplace after U.S. President Donald Trump on Tuesday warned North Korea there would be "fire and fury like the world has never seen" if the Asian nation keeps threatening the U.S. North Korea responded by saying it may fire a missile toward the U.S. territory of Guam. But according to Paul Mladjenovic, author of Precious Metals Investing for Dummies, it's not just the geopolitical risks playing in gold's favor. "August, September and October tend to be good months for the metal," Mladjenovic told Kitco News. "I think gold will break $1,300 in this particular rally coming up and I think silver can break $20," he added. December Comex gold settled the day up 1% at $1,279.30 an ounce while September Comex silver settled at $16.863 an ounce, up more than 2% on the day.


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This article is commentary by an independent contributor.