Profile image
Story Views

Last Hour:
Last 24 Hours:

MTECHTIPS;-Gold rises amid heightened geopolitical concerns

Tuesday, March 7, 2017 4:47
% of readers think this story is Fact. Add your two cents.

MTECHTIPS;-Gold rises amid heightened geopolitical concerns



MTECHTIPS- Gold prices were higher during North American morning hours on Monday, kicking the week off with gains as a missile launch by North Korea was the latest event to add to concerns about rising geopolitical tensions. Comex gold futures tacked on $6.00, or about 0.5%, to $1,232.35 a troy ounce by 9:15 AM ET (14:15 GMT). The precious metal fell to $1,223.00 on Friday, the lowest since February 15. Spot gold was down $2.70 to $1,231.90 per ounce. Geopolitical tensions were in focus after North Korea fired four ballistic missiles early on Monday, three of which landed in Japan’s exclusive economic zone, an area extending about 230 miles out to sea from its coastline. The move came just after Japanese media reported on Saturday U.S. Secretary of State Rex Tiller son is due to visit Japan, South Korea and China this month to discuss North Korea on his first trip to the region since he took up his post. The news bolstered demand for perceived safe-havens such as the yen and gold, while weighing on U.S. Treasury yields. U.S. political developments also remained in focus after President Donald Trump on Saturday accused his predecessor Barack Obama of wiretapping him during the 2016 election campaign, an accusation rejected by Obama and a top former intelligence official, even as the White House urged Congress to investigate the allegation


MTECHTIPS-Apply For 2 Days Free Trails Equity & Commodity Tips





We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global


Top Alternative




Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.