London — Gold rose on Monday as tensions over North Korea fuelled safe-haven demand, while doubts about US President Donald Trump’s ability to enact pro-business policies pushed US bond yields to near two-month lows and weakened the dollar. Investors 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 0.4% at $1,288.90 an ounce at 1.16pm GMT, while US gold futures for December delivery were 0.2% higher at $1,294.40 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, which pushed stock markets lower. But gold prices fell back after Trump fired his nationalist and anti-globalisation chief strategist Steve Bannon....
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