Gold prices hold gains in Asia as N-Korea tensions aid support
Gold prices held gains in Asia as investors stayed cautious about tensions on the Korean peninsula. Overnight, gold prices rose sharply on Monday as escalating geopolitical tensions on the Korean Peninsula fuelled safe-haven demand after North Korean Foreign minister Ri Yong Ho warned that Pyongyang has the right to “shoot down U.S. bombers”. “The whole world should clearly remember it was the US who first declared war on our country." North Korea Foreign Minister Ri Yong said in reference to President Donald Trump’s tweet that “North Korea won’t be around much longer”. “Since the United States declared war on our country, we will have every right to make countermeasures, including the right to shoot down United States strategic bombers even when they are not inside the airspace border of our country," Ri said.
Source: Investing
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