Gold buoyed by global tensions, USA inflation data

usa -traded Nikkei futures fell 2 percent to their lowest since mid-May.

Japan said on Tuesday it was possible that North Korea had already developed nuclear warheads and warned of an acute threat posed by its weapons programs as Pyongyang's continues missile and nuclear tests in defiance of United Nations sanctions.

Wall Street's so-called "fear gauge", the CBOE Volatility Index, eased after hitting its highest levels since Election Day on Friday (http://www.marketwatch.com/story/wall-streets-fear-gauge-on-course-for-biggest-weekly-surge-in-2-years-2017-08-11). Even so, the close was the highest in a month.

US Defence Secretary Jim Mattis told Pyongyang it should stop any actions that would lead to the "end of its regime and the destruction of its people".

World stocks fell for a third day on Thursday and investors shifted assets into safe haven currencies the Swiss franc and yen as well as gold. South Korea, a tech-focused modern economy which accounts for roughly 2% of global GDP in its own right, would also be devastated-and would undoubtedly bear the brunt of the human toll, as well.

Frankfurt's DAX 30 was 0.4 per cent lower at 11,961.60 points.

"A global stock market fund will have its fair share of value and growth companies, unlike - say - the FTSE 100 index, which is predominately value-orientated, with its bias towards energy, mining and financial, or the Japanese TOPIX, which is growth-orientated, with a predominance of consumer goods companies".

Many markets have recently climbed to record or multi-year highs, leaving them vulnerable to a sell-off.

The remarks, following North Korea's earlier revelation of a plan to launch a salvo of ballistic missiles toward the U.S. Pacific territory of Guam, gave investors further incentive to take to the sidelines at least in stock markets. "Tensions are still high and not going away at the moment". -North Korea tensions as market participants bought the yen as a safe haven. MSCI's broadest index of Asia-Pacific shares outside Japan closed 1.48 percent lower.

Matsuyama knocks on the major door
Friday, completed 11 holes before the horn sounded while he was preparing for a putt on the par-4 third hole. Day and Stroud were two shots behind while Louis Oosthuizen and Francesco Molinari of Italy were three back.

Cape Investment & Securities said it expected the benchmark Korea Composite Stock Price Index to trade at the 2,300-2,360 range next week. USA stock index futures also fell, with the S&P 500 indicated to open down 0.4 per cent.

The euro was 0.14 percent higher against the dollar. Yesterday's rally in the Swiss Franc was in fact one of the currency's largest one-day gains in the past two-and-a-half years.

The dollar index, which measures the US currency against a basket of major peers, slipped 0.1 per cent as US Treasury yields fell. Yields fall when bond prices rise.

Oil prices rose after a report showed U.S. refineries processed record amounts of crude in the latest week, eating into inventories.

US crude shed 18 cents to $48.99 a barrel, while Brent crude fell 25 cents a barrel at $51.89 a barrel.

In the first four days of the week, the Standard & Poor's 500 index swung from marking its latest record high to posting its biggest single-day drop in almost three months.

Gold futures for December delivery on the Comex division of the New York Mercantile Exchange rose 0.14% to $1,281.06 a troy ounce.

Toyota rose 0.63 percent to 6,275 yen while Sony fell 1.45 percent to 4,338 yen.

Related News:

  • People in Guam unfazed by threat of nuclear war by North Korea

    People in Guam unfazed by threat of nuclear war by North Korea

    The Australian government failed to respond to questions regarding preparations for a nuclear attack from North Korea. Instead, it has been testing missiles at an unprecedented pace and threatening to launch some of those toward Guam.

    Sales of gold bars rising amid rising tension on peninsular

    Japan is the world's biggest creditor country and there is an assumption that investors there will repatriate funds in a crisis. OIL: Benchmark U.S. crude lost 36 cents to $48.23 per barrel on the on the New York Mercantile Exchange.
    Stephen McGown Assumed Al-Qaeda Release Was 'Joke'

    Stephen McGown Assumed Al-Qaeda Release Was 'Joke'

    But I think they saw it as their duty to accept it, even though I have a hard time believing that they actually believed me'. The 42-year-old said his captors treated him better after he adopted Islam, giving him clothes, food and medication.
  • Live cricket score, India vs Sri Lanka, 3rd Test, Day 2, Pallekele

    Live cricket score, India vs Sri Lanka, 3rd Test, Day 2, Pallekele

    In between, he did return to the Gentlemen's arena for the ODI series against West Indies, and proved impressive too. At times, the pacers received unexpected movement into the batsmen, a worrying sign for the coming days.

    TSX falls 0.94% as oil drops, geopolitical tensions rise

    The S&P hasn't moved more than 0.5 percent in one day since July and has fallen more than 1 percent only twice this year. The pan-European FTSEurofirst 300 index lost 1.06 percent and MSCI's gauge of stocks across the globe shed 0.17 percent.

    Flawless Federer cruises into the semifinals

    I don't know how much Rafa cares about the year-end number one or if he just cares about getting back to it for a short while. When the new world rankings come out on Monday he will be 67th in the world and the youngest player in the top 100.
  • French leader urges calm in North Korea crisis

    Several Twitter users have over the last 24 hours reported Trump's tweet, which threatened violence against North Korea. He made comments Saturday while visiting his father's tomb in his ancestral hometown of Nagato in western Japan.
    'Injured' Sanchez ruled out of start of Arsenal's PL campaign

    'Injured' Sanchez ruled out of start of Arsenal's PL campaign

    Craig Shakespeare's efforts to guide Leicester to stability last season earned him the job on a permanent basis. And, keeping in mind the vast expenditure, great matches and huge disappointments are to come.

    Equities fall on rising tension between US & North Korea

    Penney slumped 24.4 percent to a record low after the retailer reported a bigger-than-expected quarterly loss. The Straits Times Index sank 1.31 per cent or 43.52 points to 3,279.72, down 1.4 per cent for the week.
  • Game of Thrones DoP says next episode better than dragon battle

    Game of Thrones DoP says next episode better than dragon battle

    As Dany offers what seems to be the remainder of the Lannister army to join her or "refuse and die". Here we have a still of him rummaging through the battlefield and he doesn't seem happy at all.
    Will Twitter suspend Trump's account for 'threatening nuclear war' against North Korea?

    Will Twitter suspend Trump's account for 'threatening nuclear war' against North Korea?

    The influence of China in Pyongyang seems to be greatly reduced since Kim Jong Un became the North Korean leader in December 2011. As the crisis has unfolded, Trump has alternated praising China for its help and chiding it for not doing more.
    Amber Heard and Elon Musk speaks out about break up

    Amber Heard and Elon Musk speaks out about break up

    Originally, it was thought the only change to Autopilot hardware for the new Model 3 was the addition of a driver-facing camera. Right now, the goal is to get the affordable electric vehicle out of "production hell," per a tweet by Musk.


Most liked

Mattis says USA war with North Korea would be "catastrophic"
But asked whether the United States was ready if North Korea did commit a hostile act, he responded: 'We are ready'. Eddie Baza Calvo says he coordinates with Homeland Security and the US military on preparedness procedures.

Fired Google engineer continues blitz against company
Employees can search documents for information about different divisions within the company on its internal network. Fired4Truth, widely believed to be Damore's Twitter account, is closing in on 50,000 followers in a matter of days.

Raiders RB Marshawn Lynch sits during national anthem vs. Cardinals
The coach said he spoke to Lynch and was told this is nothing new for the running back. Raiders head coach Jack Del Rio didn't know he was going to do that.

Stocks Regain Ground But Still Close Lower For The Week
The Labor Department said its consumer price index inched up by 0.1% in July after coming in unchanged in June. The Russell 2000 index of smaller-company stocks gave up 10 points, or 0.8 percent, to 1,399.

Wenger gives updates on new Arsenal deal for Alexis Sanchez
At the moment, negotiations are going on, but it appears as if both club and player are having a hard time coming to a new deal. Manchester United , Manchester City , and Chelsea have spent millions of pounds in just a few weeks to boost their squad.

Himachal landslide: Eight bodies recovered, PM Modi pained by loss of lives
One of the state roadways bus was hit by the landslide debris and skidded off the road, falling down by nearly a kilometre. Mandi deputy commissioner, along with officials from administration and police is also camping at the spot.

Will North Korea rain on Wall Street's endless summer?
The dollar was down 0.53 per cent against the yen at ¥109.48 (RM4.30), after briefly dropping as low as ¥109.53. South Korean stocks extended losses late Thursday morning as North Korea risks weighed on the main index.

Iran parliament ratifies legislation to counter United States anti-Iran moves
Tehran says the measures violate a 2015 deal with world powers that eased sanctions in exchange for curbs on its nuclear programme.

United States stocks tumble on North Korea worries
The local currency closed at 1,143.50 won against the USA dollar, down 1.50 won from the previous session's close. Declining issues outnumbered advancing ones on the NYSE 6-to-1; on Nasdaq , a 3.60-to-1 ratio favored decliners.

Upton walk-off homer caps wild, seesaw win for Tigers
Berrios may be struggling while Zimmerman has been okay lately, but I don't trust Zimmerman to lead the Tigers to a win today. His heroics were on display once again Saturday night as he carried the Tigers to a 12-11 walk off victory over the Twins.

Bautista Agut in marathon win over Monfils at Rogers Cup; Schwartzman advances
Haase will face the victor between second-seeded Roger Federer and Roberto Bautista Agut in the semifinals on Saturday. Spain's David Ferrer , 35, was a perennial top-10 player until he began to drop in the rankings previous year .

Arsenal urged to avoid a Robin van Persie situation with Alexis Sanchez
He added: "I'm convinced in 10 or 15 years it will not necessarily be a football specialist who is a manager of a club". When asked if Arsenal have received any bids from PSG for the 28-year-old, Wenger replied: "I can not tell you that".

Canadian Army Builds Tents for Asylum Seekers Fleeing US
Canada's CBC News said authorities have struggled in recent weeks to handle the influx of asylum seekers at Roxham Road. The same could happen in Canada if an asylum seeker's claim is rejected.

Mehbooba opposes repeal of Kashmir's special status - Newspaper
How many evidences are required more in order to understand that the opposition parties are against a harsh, BJP political party. Moreover, the Article 370 is part of the original constitution, and hence, the Article 35A also flows from it.

West Brom fans react on Twitter to Jay Rodriguez's performance
Tony Pulis hopes he can take West Brom to the next level after signing a contract to remain as head coach until 2019. Pulis said: "We want everyone to chip in and the quality we got from set plays today was absolutely fantastic".