Sales of gold bars rising amid rising tension on peninsular

He did not elaborate on Russia's joint plan with China, though the pair's position on North Korea has long consisted of formally voicing opposition to North Korea's nuclear ambitions but also to USA military support for its allies in the region.

The Australian dollar, which rose to a 19-month high near 90.00 yen late in July, was down 0.7 percent at 86.67 yen after slipping to a one-month low of 86.23 yen.

Rising geopolitical tensions were heightened further when U.S. President Donald Trump warned Pyongyang it should be "very, very nervous" if it even thinks about attacking the United States or its allies, after Pyongyang said it was making plans to fire missiles over Japan to land near the U.S. Pacific territory of Guam.

Many world stock markets have hit record or multi-year highs in recent weeks, leaving them vulnerable to a selloff, and the tensions over North Korea have proved to be the trigger. Trading is available via the MT4 and MT5 platforms with spreads starting from just 1.3 on Standard trading accounts and from 0.1 on ECN trading accounts.

Barrick Gold Corporation (ABX - Free Report) stock popped 1.42%, while Newmont Mining Corporation (NEM - Free Report) gained 1.01%.

"For quite some time the market hasn't really reacted to things on the Korean Peninsula because we know from the past it is largely North Korean sabre-rattling, and it may yet be".

On Thursday the greenback had shed 0.8 percent versus the yen, with the Japanese currency rallying broadly against most major currencies.

Gold got an extra boost after data showed U.S. consumer prices rose less than expected in July, pointing to benign inflation that could make the Federal Reserve cautious about raising interest rates again this year.

Japan is the world's biggest creditor country and there is an assumption that investors there will repatriate funds in a crisis.

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.

Emerging market stocks lost 1.28 percent.

Disappointing US inflation and jobs data have not helped the dollar.

South Korea's KOSPI fell 1.4 percent, taking its losses this week to almost 3 percent.

"We're not very oversold yet so the market still has more downside left to it", said Robert Pavlik, chief market strategist at Boston Private Wealth in NY.

The dollar index fell 0.3 percent, with the euro up 0.36 percent to $1.1812. It is set for a weekly gain of 2.4 percent.

Nordstrom Inc.(JWN) shares rose 1.6% after the retailer late Thursday posted earnings that beat expectations (http://www.marketwatch.com/story/nordstrom-shares-rise-after-retailer-tops-views-sales-rise-2017-08-10), along with a sales rise. It is on track for a weekly loss of 2 percent.

"There are four more (inflation) prints between now and the December FOMC meeting and we expect the Fed to remain data-dependent, if a touch more cautious", said TD Securities in a research note.

Spot gold was up 0.1% at $1,287 per ounce by 2.17pm GMT, set for its biggest weekly gain since April.

OIL: Benchmark U.S. crude lost 36 cents to $48.23 per barrel on the on the New York Mercantile Exchange.

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