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Gold rises as geopolitical risks drive safe-haven buying

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By Fawad Maqsood

NEW YORK/LONDON: Gold prices rose on Monday, reversing earlier losses as geopolitical risks drove safe-haven buying.

Bullion rose 1 percent on rising tensions between North Korea and the United States, and on German Chancellor Angela Merkel's less-than-resounding victory in Sunday's national election.

North Korean Foreign Minister Ri Yong Ho said US President Donald Trump had declared war on the Asian nation and Pyongyang reserves the right to take countermeasures, including shooting down US bombers.

 

 

Copyright Reuters, 2017
 

 

 

 

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