Wall Street finished a hard week on a high note

After threatening to visit "fire and fury" on North Korea, President Donald Trump said that maybe the warning "wasn't tough enough".

A day earlier, the Standard & Poor's 500 index posted its biggest single-day drop in almost three months following Trump's warning to unleash "fire and fury" if Pyongyang continued its nuclear weapons expansion.

On Thursday, the CBOE Volatility Index, a barometer of expected near-term stock market volatility, closed at its highest since the US presidential election.

Gold, another classic safe haven asset, was trading at around $1,285 per ounce, up more than two per cent this week and near a nine-week high. "That did temporarily shake investors' complacency, but we think markets are ready to move higher in the back half of the year, and earnings and economic data are going to drive that".

The Dow Jones Industrial Average fell 94.55 points, or 0.43 per cent, to 21,954.15, the S&P 500 lost 19.51 points, or 0.79 per cent, to 2,454.51 and the Nasdaq Composite dropped 76.39 points, or 1.2 per cent, to 6,275.94.

S&P 500 e-mini futures were down 0.2 percent, hinting at weakness on Wall Street later in the day.

The dollar index, which tracks the greenback against a basket of six major rivals, was almost flat on the day at 93.646, remaining above last week's 15-month low of 92.548.

The ongoing political crisis that has seen North Korea state it was seeking to strike the US Pacific island territory of Guam within days, prompted gold speculator Dennis Gartman, editor and publisher of The Gartman Letter to say he believed gold was on the cusp on a significant break out. The contract fell 97 cents, or 2 percent, to close at $48.59 a barrel on Thursday.

Vehicle runs over counter-protesters at Charlottesville white nationalist rally, kills 1
There are not " many sides" here, just right and wrong, " Representative Adam Schiff, a Democrat from California, said on Twitter. At least one person was killed and 19 others injured in the crash, officials said, and the driver was taken into custody.

Sterling was last trading at $1.3007, up 0.25 percent on the day.

At 3:15pm BST, the Comex gold futures contract for December delivery was up 1.09% or $13.90 to $1,293.20 an ounce, as the precious metal extended overnight gains, of almost 2% stateside, with yet another rally in Asia and Europe.

Several indexes closed lower overnight. It is not just North Korea that has the potential to surprise investors. Tokyo's Nikkei 225 share index closed down 1.3% at its lowest since June 1 as the strong yen hit exporters, while South Korea's KOSPI index fell 1.1% to seven-week lows.

The Russian dollar-traded index RTS was down 1.49 percent, and ruble-traded MICEX fell 1.29 percent by midday. They have soared over 2 percent in the previous two sessions, and are set for a weekly gain of 2.25 percent.

BONDS: Bond prices rose.

The dollar was down 0.77 percent against the yen JPY= at 109.21 yen. Australia's S&P/ASX 200 dropped 1.2 percent to 5,693.10.

The yield on the benchmark 10-year U.S. Treasury note fell to 2.255 percent from its U.S. close of 2.282 percent on Tuesday.

Gold futures for December delivery on the Comex division of the New York Mercantile Exchange rose $3.40, or 0.26%, to $1,293.37 a troy ounce.

Related News:

  • Canadian Army Builds Tents for Asylum Seekers Fleeing US

    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.
    Christian Hackenberg shows definite signs of progress in Jets' preseason opener

    Christian Hackenberg shows definite signs of progress in Jets' preseason opener

    The biggest play, of course, was a 53-yard pass from McCown on the Jets' opening drive, setting up Peake for a red zone touchdown. Henry carried 8 times for 29 yards as the Titans first team offense failed to score a point Saturday night.
    Jammu and Kashmir: Two soldiers killed, one terrorist neutralised in Shopian encounter

    Jammu and Kashmir: Two soldiers killed, one terrorist neutralised in Shopian encounter

    On the same day (August 9), the Army confirmed the killing of 5 terrorists in Kashmir's Machil sector. The injured soldiers were shifted to army's base hospital in Badami Bagh area of Srinagar city.
  • Iran parliament ratifies legislation to counter United States  anti-Iran moves

    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.

    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.
    Military Intensifies Cordon and Search Operations for Boko Haram in Maiduguri

    Military Intensifies Cordon and Search Operations for Boko Haram in Maiduguri

    Many have pointed accusing fingers on some NGOs for conniving with insurgents continue wreck havoc. Tens of thousands live on the brink of starvation and millions more lack secure access to food.
  • Will North Korea rain on Wall Street's endless summer?

    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.
    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.

    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.
  • 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.
    New Premier League season preview

    New Premier League season preview

    The arrivals of defender Victor Lindelof, midfielder Nemanja Matic and striker Romelu Lukaku have also improved the squad. We are going to see at the end of the season what happens, knowing how hard it is".
    United Kingdom  and Scottish ministers in Brexit powers talks

    United Kingdom and Scottish ministers in Brexit powers talks

    The powers, which are now controlled or influenced by the European Union , will be handed back to Britain after March 2019. The UK Parliament in Westminster has legislative supremacy over all of the devolved administrations.


Most liked

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.

Anna Paquin 'claims' the breasts seen on BBC News At Ten
Furthermore, she also made fun of the news channel's statement that they are going to look into the matter, wondering what that could possibly mean.

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.

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.

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 .

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.

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.

New Orleans solar eclipse: Where to watch on August 21
You can find the glasses at online vendors including EclipseGlasses.com, Celestron , Explore Scientific and Meade Instruments. Total solar eclipses will cross the continental USA twice more in the next 30 years, on April 8, 2024 , and August 12, 2045 .

Bryce Harper Helped Off Field After Suffering Scary Knee Injury
He immediately grabbed his left knee while falling to the ground and writhed in pain behind first base. Harper fell to the ground and held his left knee for several minutes after making the second out.

Trump threatens 'military option' in Venezuela as crisis escalates
He went on to say that he thinks "lots of good things could happen" but "we could also have a bad solution". Latin American nations led by Peru are negotiating a written rebuke of U.S.

Here's how Ezekiel Elliott could get completely banished from the NFL
At the time, Elliott was a new member of the Cowboys, having been drafted fourth overall following a stellar career at Ohio State. Elliott will be appealing the suspension and will have the full support of Cowboys owner Jerry Jones throughout the process.

Kylie Jenner Attends Prom for the First Time
Before the show started, Kim Kardashian posted a sweet Instagram saying she was "so proud" of her little sister. Kylie , who just turned 20, was reportedly "ecstatic" over a diamond necklace Scott gave her for her birthday.

Cast your eyes online for a good view of solar eclipse
This occurs when the moon's orbit brings it too far from Earth to block out the entirety of the sun from our earthly perspective. For a list of reputable vendors and other safety advice for viewing the eclipse, NASA has more information on its website here .

Venezuela calls Trump's warning of possible military action a 'crazy act'
Arreaza called on "good-minded" Venezuelans to put aside their political differences and unite in rejecting Trump's comments. On July 31, the United States imposed direct sanctions on the Venezuelan president, terming Maduro a "dictator".