MTECHTIPS:-Gold climbs to 1-year high amid lingering North Korea

MTECHTIPS:-Gold climbs to 1-year high amid lingering North Korea tensions

MTECHTIPS -Gold prices rose to their highest level in around a year on Tuesday, as demand for safe-haven assets remained strong in the wake of North Korea’s most powerful nuclear test to date. Geopolitical risks tend to boost demand for safe havens such as gold, which is considered a good store of value during volatility in other markets. Comex gold futures jumped $10.30, or around 0.8%, to $1,340.77 a troy ounce by 2:50 AM ET (0650 GMT), after touching its best level since September 27, 2016 at $1,345.50 earlier. The yellow metal did not settle on Monday due to the U.S. Labor Day holiday. Elsewhere on the Comex, silver futures tacked on 14.7 cents, or about 0.8%, to $17.96 a troy ounce. It rose to $18.03 earlier, the most since April 25. North Korea conducted its sixth and most powerful nuclear test to date on Sunday, which it said was a successful detonation of an advanced hydrogen bomb. Adding to concern on the Korean peninsula, South Korea’s Defense Ministry said Monday that Pyongyang is making preparations for the possible

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