Gold buoyed by North Korea tensions, USA inflation data

Persistent gold buying by local jewellers at domestic spot market stoked uptrend

Persistent gold buying by local jewellers at domestic spot market stoked uptrend

Trump warned North Korea again on Thursday not to strike Guam or USA allies, saying his earlier threat to unleash "fire and fury" on Pyongyang if it launched an attack may not have been tough enough.

The euro dipped 0.1 percent to $1.1733 but the single European currency has been slipping this week against the dollar, having hit a more than 2 1/2-year high of $1.1892 on August 2.

FIRE AND FURY: Keeping up his tough talk, Trump told reporters that North Korean leader Kim Jong Un's government should "get their act together" or face extraordinary trouble, and suggested his earlier threat to unleash "fire and fury" on North Korea was too mild.

Elsewhere, the New Zealand dollar jumped briefly after the Reserve Bank of New Zealand said on Thursday it still expected inflation to rise gradually as capacity pressures increase, thwarting some expectations it would strike a more dovish tone given recent soft economic data. Eastern Time. At 10 a.m. Brighthouse Financial shed $1.05, or 1.8 percent, to $57.45. Seagate shares rose 74 cents to $32.29. Natural gas was also flat at $2.98 per 1,000 cubic feet. Higher interest rates can help boost banks' revenue from loans.

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Barcelona could return to Borussia Dortmund with an improved bid of £110m for French youngster Ousmane Dembele , according to a report in the press.

Within the internet sector, Synacor (SYNC) fell sharply after the internet content provider reported better than expected second quarter results but provided disappointing guidance.

Traders snapped up shares in companies that delivered strong quarterly results.

Nevertheless, traditional safe havens jumped, with the benchmark 10-year US note yield hitting its lowest level since June 28 and gold futures surging more than 1 percent. The yield on the 10-year Treasury note fell to 2.22 percent from 2.26 percent late Tuesday.

In Europe, Germany's DAX fell 1.1 percent, while France's CAC 40 slid 1.4 percent.

Rep. Engel Compares Trump To Kim Jong Un
Ahrens was not alone in his criticism, as many reactions on Twitter agreed. He continued, "The time for cranking up the antiwar machine is right now".

US crude oil futures settled almost 2 per cent lower at $48.59 a barrel, as Russian Federation considered a future output resumption and the Organization of the Petroleum Exporting Countries boosted its July production numbers.

In other energy futures trading, wholesale gasoline was little changed at $1.62 a gallon, heating oil rose 2 cents to $1.65 a gallon and natural gas rose 6 cents to $2.88 per 1,000 cubic feet.

CURRENCIES: The dollar slipped to 109.04 yen from 109.26 late Thursday. The euro slid to $1.1732 from $1.1752. Global stock markets fell. Britain's FTSE 100 was down 1.1 percent.

The market indexes wavered between small gains and losses for much of the morning, then veered lower by afternoon. Australia's S&P/ASX 200 dropped 1.2 percent. The Dow Jones Industrial Average .dji fell 204.69 points, or 0.93 percent, to close at 21,844.01, the S&P 500 .spx lost 35.81 points, or 1.45 percent, to 2,438.21 and the Nasdaq Composite .ixic dropped 135.46 points, or 2.13 percent, to 6,216.87.

North Korea 'carefully examining' plan to strike U.S. territory of Guam
She previously reported for the Financial Times from Washington DC, Seoul, Sydney, London and from across the Middle East. Aegis is able to track 100 missiles simultaneously and fire interceptors to take out an enemy's ballistic projectiles.

"Traders should closely watch global equities today, with further falls and risk aversion likely pumping more safe-haven flows into precious metals", said Jeffrey Halley, a senior market analyst at OANDA.

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