Gold jumps on rising US-North Korea tensions

14 Août, 2017, 04:23 | Author: Marc Bacque
  • 'Guam well-equipped to handle NKorean threat'

"That reset is being triggered by North Korea geopolitical concern and stretched valuations", said Peter Kenny, senior market strategist at Global Markets Advisory Group in NY.

"As a portfolio manager, you say, 'Do I think we'll get a war out of this?'" said Torsten Slok, chief global economist at Deutsche Bank, referring to the back and forth between North Korea and President Donald Trump.

U.S. President Donald Trump issued a new verbal warning to Pyongyang on Thursday, saying that his previous promise to unleash "fire and fury" may not have been strong enough after North Korea responded with a threat to land a missile near the U.S. Pacific territory of Guam.

In Europe, the pan-continental STOXX 600 index lost 0.8 per cent, with falls deepening after reports a vehicle had rammed a group of soldiers in Paris, injuring six. The Swiss currency was also on track for its biggest daily gain against the euro since the Swiss National Bank removed its cap on the currency in January 2015. Heating oil fell 1 cent to $1.63 a gallon.

Technology companies led USA stocks slightly higher in afternoon trading Friday, recouping some of the losses from the day before. Perrigo rose $1.58, or 2.1 percent, to $78.43.

"The unpredictable nature of North Korea means it is hard to gauge exactly how likely an attack is, yet given the military power of both nations, there is no surprise we are seeing markets shift out of risk assets and into havens such as the yen and gold", said IG market analyst Joshua Mahony, in a note.

Energy stocks also fell along with the price of crude oil. TMX Group Ltd was up 3.5 percent to C$68.23, while Quebecor Inc added 2.9 percent to C$44.60.

The market volatility - the VIX index, nicknamed " the fear index, had been dashed the night before - remained high compared to the evolution since the beginning of the year.

SeaWorld Entertainment slid 6.2 percent after the theme park operator reported second-quarter revenue that fell short of Wall Street's expectations. Its shares slid $9.77, or 5.3 percent, to $174.02.

Amid North Korea Threat, Trump Weighs Military Action In Venezuela
Arreaza added that "the Bolivarian Republic of Venezuela once again warns the global community of the serious threats that are ever increasing".


LeBron James calls Charlottesville white supremacists incident 'sad,' slams Donald Trump
LeBron James is known around the world as arguably the greatest basketball player of his generation, if not of all time. During the chaos, one person was killed and 35 others injured when a vehicle rammed into a crowd of counter-protesters.


US Reform leader 'deeply troubled' by Trump's weak condemnation of Charlottesville violence
It's time to show America that we will never stop working to end bigotry, especially when it comes out of the White House. Prominent Democrats also used Twitter to comment on the racially charged events and their deadly outcomes.


Canadian Tire Corp Ltd rose 3.4 percent to C$146.65.

After a dip of as much as 0.52 percent earlier in the day, Wall Street's three major indexes bounced off intraday lows.

In Europe, the pan-continental STOXX 600 index fell 0.9 per cent, with falls deepening after a auto rammed a group of soldiers in Paris, injuring six, in what officials said was a suspected terrorist attack.

BONDS: Bond prices rose. Hong Kong's Hang Seng Index plunged by 2%, while South Korea's Kospi Index slumped by 1.7%.

Benchmark U.S. crude was down 21 cents to $48.38 a barrel on the New York Mercantile Exchange.

At 10:34 a.m. ET (1434 GMT), the Toronto Stock Exchange's S&P/TSX composite index fell 70.95 points, or 0.47 percent, to 15,146.38.

US crude rose 1.08 percent to $49.70 per barrel and Brent was last at $52.78, up 1.23 percent on the day.

In other precious metals, silver was almost flat at $16.90 per ounce after hitting its highest since June 15 earlier in the session.

The bond market was without direction: the yield of u.s. Treasury bills to 10 years, which evolves to the inverse of the bond price, appears to 2,190 %, compared to 2,198 % Thursday evening, and that bills to 30 years at 2,786 %, compared to 2,773 %.

Conseillé:

  • Barnaby Joyce refers himself to the High Court over citizenship cloud

    Barnaby Joyce refers himself to the High Court over citizenship cloud

    Of the four, possibly five, MPs recently found to hold dual citizenship, only the two Greens senators completely resigned. Holding public office as a dual citizen is not allowed under Australia's constitution.

    Cenovus Energy (NYSE:CVE) Given Daily News Impact Score of 0.17

    BidaskClub upgraded Cenovus Energy from a "strong sell" rating to a "sell" rating in a research report on Wednesday, August 2nd. COPYRIGHT VIOLATION WARNING: This news story was posted by Sports Perspectives and is the property of of Sports Perspectives.
    Des œufs contaminés dans le Pas-de-Calais

    Des œufs contaminés dans le Pas-de-Calais

    Le ministre de l'Agriculture a reçu dans les nuit les résultats de l'enquête de l'Anses ( Agence nationale de sécurité sanitaire de l'alimentation) sur les œufs contaminés au fipronil .
  • Star Wars Battlefront 2 Space Battles To Be Showcased At Gamescom 2017

    Star Wars Battlefront 2 Space Battles To Be Showcased At Gamescom 2017

    The dogfight will take place in the Fondor: Imperial Shipyard map, featuring fighters, bombers, hero ships, and more. Tune in on August 21, 2017, at 9.30am PT / 12.30pm ET / 5.30pm United Kingdom for the new footage.

    The BidaskClub Lowers Randgold Resources Limited (NASDAQ:GOLD) to Sell

    Finally, Ameriprise Financial Inc. raised its position in shares of Randgold Resources Limited by 15.8% in the first quarter. HSBC Holdings plc reissued a "hold" rating on shares of Randgold Resources Limited in a research report on Friday, July 7th.
    Chelsea defender close to Bundesliga loan move

    Chelsea defender close to Bundesliga loan move

    Rahman has made 23 appearances for Chelsea in all competitions since joining from Augsburg in 2015. No decision has yet been made'.
  • José Mourinho: I never thought Chelsea would sell Nemanja Matic to me

    Romelu Lukaku: "To play in front of such a great crowd for such a great club it's a dream come true, but the most important thing was to win".

    Chelsea v Burnley red cards: Fabregas and Cahill decisions correct - Alan Shearer

    I have to try to adapt a new system and to anticipate this situation of playing with nine or 10 men in the next game. Relegation candidates Burnley went on to score three in the opening 45 minutes, two courtesy of striker Sam Vokes.
    Three Kashmiri youths martyred, several injured in occupied Kashmir

    Three Kashmiri youths martyred, several injured in occupied Kashmir

    Sources said Yattu's death is a crushing blow to Hizb outfit after the killing of Burhan Wani on July 8 a year ago . Sources said that earlier it was presumed that Adil Malik along with Umar and Irfan were killed in the gunfight.
  • Trump better president than Obama

    But if Pyongyang does attack Guam , "I have confidence that we have responses that are proportionate to the problem", Rice said. On Friday morning, Trump tweeted that USA forces in the region were "locked and loaded". "It's not a dare", the president said.
    'We have him and we are very happy' - Mourinho on Matic

    'We have him and we are very happy' - Mourinho on Matic

    Unlike most holding midfielders, Matic doesn't just play with his back to defenders. "Better without the ball and with the ball". Mourinho's track record of winning league titles across Europe in his second season at the club is very striking.
    Israel welcomes USA  delegation for peace talks resumption

    Israel welcomes USA delegation for peace talks resumption

    President Trump stressed that Palestinians and Israelis need "direct negotiations", the United States official added. According to a senior Israeli official, the delegation is evidently expected to arrive in the last week of August.


Populaire

Kriti Sanon Says She Likes To 'Explore New Things' As An Actor
And there is no doubt that the actor manages to look extremely lovely in this simple avatar as well. And that's how I choose my films. "I always want to explore new things as an actor", reported IANS.

JC Penney Company, Inc. Holding Company (NYSE:JCP) Updates FY18 Earnings Guidance
Holding from a reduce rating to a hold rating and set a $4.50 target price on the stock in a research report on Monday, June 26th. ILLEGAL ACTIVITY NOTICE: This news story was first posted by Transcript Daily and is the sole property of of Transcript Daily.

Egypt's railway authority head resigns after fatal crash
Egypt's railway system has a poor safety record, mostly blamed on decades of badly maintained equipment and poor management. Transport Minister Hisham Arafat said "human error" led to the collision but did not elaborate.

Arsenal tell Premier League duo to pay £20m for Perez
The Spaniard was given limited opportunities last season and has been linked with an exit from the Emirates Stadium this summer. Jack Wilshere is reportedly "resigned to leaving Arsenal " after being left out of the Gunners' first squad of the season.

94 morts après des jours de pluies torrentielles — Inde et Népal
Six corps ont été découverts pour le moment, mais le bilan pourrait s'alourdir, de nombreuses personnes étant portées disparues. Des milliers de résidences ont été détruites dans ces intempéries qui frappent le pays himalayen depuis trois jours.

[INFOGRAPHIE] Le Fipronil au cœur de l'enquête sur les œufs contaminés
En France, il peut également figurer dans des biocides notamment des produits anti-fourmis ou anti-cafards. En revanche, aucune préparation phytosanitaire à base de fipronil n'est autorisée.

Delhi: Ex-Manipur minister's son falls from terrace in Hauz Khas, dies
Apart from questioning restaurant staff, police was examining the closed-circuit television footage from the restaurant. We are probing if it was an accidental fall or if he was pushed off the terrace. "We are probing all angles.

Central Intelligence Agency chief says 'nothing imminent' in US-North Korea standoff
In response, North Korea announced a detailed plan to fire ballistic missiles towards Guam, a US territory in the Pacific. Who said it: Trump or Kim? "We are going to continue to work the issue", Mattis told a Pentagon news conference.

President Trump calls opioid crisis 'national emergency'
There's never been anything like whats happened to this country over the last four or five years. Shelley Moore Capito, R-W.Va., said in a statement .

Notre Dame and Wisconsin to renew rivalry in series
Reports say that the matchups will occur at Lambeau Field in 2020 and Soldier Field in 2021, though this has yet to be confirmed. When the Badgers return to Green Bay in 2020, Wisconsin and Notre Dame will be playing for the 17th time overall.