MTECHTIPS;-Gold falters after Kim Jong Un reportedly delays Guam

MTECHTIPS;-Gold falters after Kim Jong Un reportedly delays Guam strike

MTECHTIPS-Gold prices fell on Tuesday, as U.S-North Korea tensions eased, after North Korean leader Kim Jong Un was reported to have delayed a decision on firing missiles towards the U.S. pacific territory of Guam. Gold futures for December delivery on the Comex division of the New York Mercantile Exchange fell $10.83, or 0.84%, to $1,279.46 a troy ounce. Gold prices struggled to shake off losses, as demand for safe-haven assets cooled, following reports from North Korean state media on Tuesday that leader Kim Jong Un had delayed a decision on firing missiles towards the U.S. pacific territory of Guam, suggesting that his earlier threats were rhetorical. Meanwhile, better-than-expected U.S. retail sales data for July, stoked expectations of stronger U.S. economic growth in third-quarter, adding further pressure on the yellow metal. The Commerce Department said on Tuesday that retail sales rose 0.6% last month. That was the largest gain in seven months, ending four-consecutive months of lower than expected growth. The minutes from the Federal Reserve’s July policy meeting due Wednesday, however, could stem losses in the yellow metal should the minutes reveal fed members were more dovish on monetary policy than initially believed

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