Gold Surges To $1338 as U.S. Warns of ‘Massive’ Military Response

//Gold Surges To $1338 as U.S. Warns of ‘Massive’ Military Response

Gold Surges To $1338 as U.S. Warns of ‘Massive’ Military Response

Safe haven gold extends rally to 11-month high after North Korea nuke test and U.S. warns of ‘massive’ response

Asian and European stocks fall, bonds flat, gold, silver, palladium, Swiss franc riseas Korea tensions flare asNorth Korea tests ‘hydrogen bomb’

North Korea prepares for possible ICBM launch says S. Korea

U.S. warns of ‘massive,’ ‘overwhelming’ military response to North Korea after meeting with Trump

Trump weighing new economic sanctions that target China

Gold is consolidating above the $1,300/ozkey resistance level and building on 4% gain seen in August

Gold Surges To $1338 as U.S. Warns of ‘Massive’ Military Response gold north korea september 2017 1Relative Performance (1 Day) Finviz.com

Safe haven gold continued to eke out further gains of 0.73% today and reached its highest level in 11 months at $1,338.65/0z. The latest gains came after North Korea’s latest and most powerful nuclear test again sawinvestors diversify intosafe haven goldand other safe haven assets.

Asian and European shares have fallen and the geo-political risk led to thethe usual knee-jerk shift to safe havens pushing the yen, Swiss franc, gold and silver higher.

The Nikkei was down 0.93 and EuroStoxx 50 was down 0.45%. The Stoxx Europe 600 Index declined, with all industry sectors in the red.

The U.K.’s FTSE 100 Index dipped 0.3 percent and Germany’s DAX Index fell 0.5 percent. The MSCI All-Country World Index sank 0.2 percent, the largest dip in more than two weeks. Stock market futures suggest a difficult day for global equities.

The White House warned any nation doing business with Kim Jong Un’s regime would be met with economic sanctions and trade embargoes, and Trump’s defense chief said the U.S. has many military options.

Gold’s gains came after gold rose both last week and in August when gold and silver saw strong safe haven gains of 4% and 5% respectively.

Related Content

Precious Metals Outperform Markets In August Gold +4%, Silver +5%

4 Reasons Why Gold Has Entered A New Bull Market Schroders

Diversify Into Gold On U.S. Political Instability Advise Blackrock

Gold and Silver Bullion News andCommentary

Gold Surges To $1338 as U.S. Warns of ‘Massive’ Military Response (Reuters)

Asian Stocks Fall, Yen Jumps After Korea Bomb Test (Bloomberg)

Yen, bonds and gold gain after North Korea tests ‘hydrogen bomb’ (Reuters)

Gas, Gold Are Boosted by Geopolitical Tensions (Bloomberg)

President Trump denounces North Korea’s ‘hostile, dangerous’ weapons test (CNBC)

Gold Surges To $1338 as U.S. Warns of ‘Massive’ Military Response US Housing Case Shiller National Index 2017 08 29Source: Marketwatch

The Depression You’ve Probably Never Heard Of (Moneyweek)

Gold Pops, Stocks Drop As Futures Open After Korean Chaos (Zerohedge)

China’s New World Order Own Oil Benchmark Backed By Gold (Asia Nikkei)

A Super-Powerful EMP Attack: North Korea’s Newest Weapon Against The U.S. (Zerohedge)

The US Cities with the Biggest Housing Bubbles (Wolfstreet)

Gold Prices (LBMA AM)

04 Sep: USD 1,334.60, GBP 1,030.98 & EUR 1,114.15 per ounce

01 Sep: USD 1,318.40, GBP 1,020.18 & EUR 1,106.85 per ounce

31 Aug: USD 1,305.80, GBP 1,013.17 & EUR 1,098.31 per ounce

30 Aug: USD 1,310.60, GBP 1,014.93 & EUR 1,096.71 per ounce

29 Aug: USD 1,323.40, GBP 1,020.34 & EUR 1,097.36 per ounce

25 Aug: USD 1,287.05, GBP 1,003.90 & EUR 1,090.90 per ounce

24 Aug: USD 1,285.90, GBP 1,003.26 & EUR 1,090.44 per ounce

Silver Prices (LBMA)

04 Sep: USD 17.80, GBP 13.75 & EUR 14.95 per ounce

01 Sep: USD 17.50, GBP 13.53 & EUR 14.69 per ounce

31 Aug: USD 17.34, GBP 13.47 & EUR 14.62 per ounce

30 Aug: USD 17.44, GBP 13.49 & EUR 14.60 per ounce

29 Aug: USD 17.60, GBP 13.59 & EUR 14.62 per ounce

25 Aug: USD 17.02, GBP 13.26 & EUR 14.40 per ounce

24 Aug: USD 16.93, GBP 13.20 & EUR 14.36 per ounce

Recent Market Updates

Precious Metals Outperform Markets In August Gold +4%, Silver +5%

4 Reasons Why Gold Has Entered A New Bull Market Schroders

Gold Reset To $10,000/oz Coming By January 1, 2018 Rickards

Gold Surges 2.6% After Jackson Hole and N. Korean Missile

Diversify Into Gold On U.S. Political Instability Advise Blackrock

Trump Presidency Is Over Bannon Is Right

The Truth About Bundesbank Repatriation of Gold From U.S.

Cyberwar Risk Was U.S. Navy Victim Of Hacking?

Global Financial Crisis 10 Years On: Gold Rises 100% from $650 to $1,300

Mnuchin: I Assume Fort Knox Gold Is Still There

Buffett Sees Market Crash Coming? His Cash Speaks Louder Than Words

Gold, Silver Consolidate On Last Weeks Gains, Palladium Surges 36% YTD To 16 Year High

Must See Charts Gold Hedges USD Devaluation, Rise in Oil, Food and Cost of Living Since Nixon Ended Gold Standard

ImportantGuides

For your perusal, below are ourmostpopularguidesin 2017:

EssentialGuideTo Storing Gold In Switzerland

EssentialGuideTo Storing Gold In Singapore

EssentialGuideto Tax Free Gold Sovereigns (UK)

Please share our research with family, friends and colleagues who you think would benefit from being informed by it.

The post Gold Surges To $1338 as U.S. Warns of ‘Massive’ Military Response appeared first on GoldCore Gold Bullion Dealer.

Gold Surges To $1338 as U.S. Warns of ‘Massive’ Military Response   ptq

By | 2017-09-04T22:28:24+00:00 September 4th, 2017|Blog|0 Comments

About the Author: