Gold gains in Asia as Trump warns North Korea again "Miscalculation"
Gold edged higher in Asia as political risk rose after President Donald Trump in a speech to the South Korean parliament warned North Korea not to make a "miscalculation" in development of its missile and nuclear weapons programs. Overnight, gold prices came under pressure on Tuesday as safe-haven demand fell after concerns faded over political uncertainty in the Middle East while a sharp jump in the dollar added to downside momentum. Gold prices gave up most their gains from Monday’s session as the dollar rose sharply on signs of progress on tax reform and bullish labor market data. The U.S. Labor Department's latest Job Openings and Labor Turnover Survey (JOLTs) report, a measure of labor demand, showed job openings in September improved to about 6.1 million, beating expectations of 6.091 million.
Source: Investing
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