Gold rose to two-month highs on Friday as investors sought refuge from the uncertainty of escalating security tensions between North Korea and the US. US President Donald Trump warned North Korea again on Thursday not to strike Guam or US allies, saying his earlier threat to unleash "fire and fury" on Pyongyang if it launched an attack may not have been tough enough. Spot gold was up 0.1% at $1,287.83 an ounce at 9.55am GMT, set for its biggest weekly gains since April. It earlier hit its highest since June 8 at $1,288.97 an ounce. "There is a continuation of flight to the safe havens after remarks on Thursday evening from Trump about North Korea," said Quantitative Commodity Research consultant Peter Fertig. "It’s not very likely that these tensions will ease in the near future so the outlook seems supportive for gold." Geopolitical risks can boost demand for assets considered safe-haven investments, such as gold. US gold futures added 0.3% to $1,293. Elsewhere, global stocks pulle...
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