Bengaluru — Gold prices fell in early trade on Tuesday as easing tension between the US and North Korea saw investors seek riskier assets like equities. Spot gold was down 0.5% at $1,275.79/oz, as of 3.15am GMT. US gold futures for December delivery shed 0.7% to $1,281.40/oz. North Korean leader Kim Jong-un received a report from his army on its plans to fire missiles towards Guam and said he would watch the actions of the US for a while longer before making a decision, the North’s official news agency said on Tuesday. "It’s no surprise that gold is trending a little lower this morning. Some risk aversion is taken off the table simply because some concerns of the North Korean attack has eased," said OCBC analyst Barnabas Gan. "Safe-haven flows into the yen and gold has fallen a little bit because of improved risk appetite in the market." Asian shares rallied and the dollar firmed on Tuesday after North Korea’s leader signalled that he would delay plans to fire a missile near Guam, f...
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