Gold jumped back above the 1,300-U.S.-dollar-level on Monday following renewed tensions between Washington and Pyongyang and declines in the stock market.
The most active gold contract for December delivery rose 14 dollars, or 1.08 percent, to settle at 1311.50 dollars per ounce.
U.S. President Donald Trump has "declared a war" on the Democratic People's Republic of Korea (DPRK), DPRK's Foreign Minister Ri Yong-ho said on Monday.
U.S. Department of Defense said that U.S. Air Force B-1B Lancer bombers and F-15C Eagle fighter escorts on Saturday flew in international airspace over waters east of the DPRK.
"Since the United States declared war on our country, we will have every right to make counter-measures, including the right to shoot down United States strategic bombers even when they are not inside the airspace border of our country," said Ri Yong-ho in New York.
The flared tensions surrounding the Korean Peninsula have boosted safe-haven demand, said market analysts.
The gold futures were given additional support as the U.S. Dow Jones Industrial Average fell 70.87 points, or 0.32 percent, to 22,287.72 as of 1832 GMT. When equities post losses, the precious metal usually goes up.
Meanwhile, a firm dollar curbed the further rise of gold as the precious metal and the dollar typically move inversely. The U.S. Dollar Index edged up by 0.58 percent to 92.86 as of 1822 GMT.
As for other precious metals, silver for December delivery rose 16.3 cents, or 0.96 percent, to close at 17.147 dollars per ounce. October platinum went up 8.1 dollars, to settle at 940.20 dollars per ounce.
The most active gold contract for December delivery rose 14 dollars, or 1.08 percent, to settle at 1311.50 dollars per ounce.
U.S. President Donald Trump has "declared a war" on the Democratic People's Republic of Korea (DPRK), DPRK's Foreign Minister Ri Yong-ho said on Monday.
U.S. Department of Defense said that U.S. Air Force B-1B Lancer bombers and F-15C Eagle fighter escorts on Saturday flew in international airspace over waters east of the DPRK.
"Since the United States declared war on our country, we will have every right to make counter-measures, including the right to shoot down United States strategic bombers even when they are not inside the airspace border of our country," said Ri Yong-ho in New York.
The flared tensions surrounding the Korean Peninsula have boosted safe-haven demand, said market analysts.
The gold futures were given additional support as the U.S. Dow Jones Industrial Average fell 70.87 points, or 0.32 percent, to 22,287.72 as of 1832 GMT. When equities post losses, the precious metal usually goes up.
Meanwhile, a firm dollar curbed the further rise of gold as the precious metal and the dollar typically move inversely. The U.S. Dollar Index edged up by 0.58 percent to 92.86 as of 1822 GMT.
As for other precious metals, silver for December delivery rose 16.3 cents, or 0.96 percent, to close at 17.147 dollars per ounce. October platinum went up 8.1 dollars, to settle at 940.20 dollars per ounce.
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