MCX HONEST GOLD UPDATE
Gold prices rose on Friday amid an uptick in safe-haven demand as North Korean leader Kim Jong Un vowed to make a “mentally deranged” Trump pay dearly for an earlier threat to “totally destroy” North Korea if threatened.
Gold futures for December delivery on the Comex division of the New York Mercantile Exchange rose by $5.95, or 0.46%, to $1,300.75 a troy ounce.
U.S. – North Korea relations further strained on Friday, fueling demand for safe-haven gold after North Korea said it might test a hydrogen bomb over the Pacific Ocean.
The prospect of North Korea carrying out yet another act of provocation comes amid Kim Jong Un’s brazen pledge to make a “mentally deranged” Trump pay dearly for an earlier threat to “totally destroy” North Korea if it threatened America or its allies.
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