Gold is Glittering Right Now
Precious metal prices rise to two-month highs
Markets remain rattled by the brewing standoff between Washington and Pyongyang, North Korea, with the latter detailing plans it says will culminate in a missile strike of the U.S. territory of Guam in the South Pacific ocean.
Gold for immediate delivery traded at 1,280.65 in early European dealing, the highest in nearly two months, while the dollar index, which measures the greenback's strength against a basket of six global currencies, gained 0.12% to 93.74. Benchmark 10-year German bund yields, a proxy for European government borrowing costs and a key risk sentiment indicator for regional markets, were marked at 0.43%, just 1 basis point from the six-weeks lows reached in Wednesday trading.
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