London — Gold rose on Monday as tensions over North Korea fuelled safe-haven demand, while doubts over US President Donald Trump’s ability to enact pro-business policies pushed US bond yields to near two-month lows and world stocks fell. Investors were braced for North Korea’s response to computer-simulated military exercises begun by South Korean and US forces on Monday that will continue until August 31. "Gold is being supported by the war games and the uncertainty in Washington," said Saxo Bank analyst Ole Hansen. Spot gold was up 0.3% at $1,287.31 an ounce at 10.13am GMT, while US gold futures for December delivery were 0.1% higher at $1,293 an ounce. Gold on Friday surged above $1,300 an ounce for the first time since November following attacks in Spain and rising fears over Trump’s ability to push through tax reform and investment. But prices fell after Trump fired his nationalist and anti-globalisation chief strategist Steve Bannon. Hansen said gold could fall further due to ...
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