Gold price rush: North Korea Trump nuclear panic triggers market dash to shelter money
GOLD prices have surged as investors rush to safeguard money amid heightened tensions between North Korea and Donald Trump.
By LANA CLEMENTS
Express.co.uk
Thu, Aug 10, 2017
Fears of nuclear war escalated as Kim Jong-un’s rogue state revealed an air strike on the US.
In reaction demand, for safe havens have leapt and riskier assets such as stocks and shares have plunged.
Since the start of the week, gold prices are up by more than two per cent since the start of the week.
The precious metal price is now sitting at around $1,291 – the highest level since June – rising by around one per cent today alone.
Silver prices are also going up, as well as demand for other safe haven including US government bonds and the Japanese yen.
Experts said gold prices could surge even higher in the coming days.
Fawad Razaqzada, market analyst at Forex.com, predicts gold could surge above $1295.
He said: “Gold is looking increasingly bullish from a technical standpoint.”
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