empty
 
 

2017.08.1114:02:00UTC+00Gold Up 2.3% For Week, Spurred By Brinksmanship

Gold prices continued to rally Friday as the U.S. and North Korea excahnged mutual threats.

"Military solutions are now fully in place, locked and loaded, should North Korea act unwisely. Hopefully Kim Jong Un will find another path!" President Donald Trump tweeted.

Dec. gold settled at $1,294/oz, up $3.90, or 0.3%, for the session, and was up 2.3% for the week, rising to a 2-month peak.

In economic news, official data showed a modest uptick in consumer prices in the U.S. in the month of July.

The Labor Department said its consumer price index inched up by 0.1 percent in July after coming in unchanged in June. Economists had expected prices to rise by 0.2 percent.

Food prices rose by 0.2 percent in July after coming in unchanged in June, while energy prices edged down by 0.1 percent after tumbling by 1.6 percent in the previous month.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback