COMMODITY MARKET NEWS :- Gold gains amid renewed North Korea fears
Gold prices climbed to their highest in more than a week on Monday as renewed concerns over North Korea’s nuclear ambitions stoked safe-haven demand for the precious metal and weighed on the dollar.
Spot gold was up 0.5 percent to $1,282.39 an ounce by 0357 GMT, after earlier touching its highest since Sept. 29.
U.S. gold futures for December delivery gained 0.8 percent to $1,284.80 per ounce.
U.S. employment fell in September for the first time in seven years due to impacts from Hurricanes Harvey and Irma.
- Gold trading range for the day is 29208-29780.
- Gold prices gained on concerns stoked by a Russian report that North Korea is preparing to test a long-range missile.
- Earlier, bullion fell on an upbeat reading of the U.S. unemployment rate and wage growth last month.
- The data showed the largest gain in U.S. wages since December 2016 bolstered bets on an interest rate hike by year-end.