London — Gold fell to its lowest in more than a week on Tuesday as easing concerns over North Korea’s nuclear ambitions and the impact of Hurricane Irma tempered demand for the metal as a haven from risk while the dollar strengthened. World equities hit record highs for a second straight day as investors opted for nominally higher-risk assets over havens such as gold, bonds and the Japanese yen. Spot gold hit its lowest since September 1 at $1,322.15 an ounce in early trade and was at $1,324.47 by 2pm GMT, down 0.2%. On Monday, it slid 1.4% in its biggest one-day drop in two months. "The North Korea story has had (an impact) on the price of gold, but these geopolitical events tend to be quite limited in time," Natixis analyst Bernard Dahdah said. "The market accommodates surprisingly quickly when things calm down." "It was the weakness of the dollar that was really driving gold, and the tensions with North Korea," he said. "The rate at which the dollar can still depreciate is slowin...
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