Bengaluru — Gold held steady on Tuesday after rising more than 1% in the previous session, supported by safe-haven demand amid rising tension surrounding North Korea and as the dollar eased from near three-week highs. Spot gold was nearly unchanged at $1,310.61/oz at 3.39am GMT, not far from Monday’s high of $1,311.50, when it marked its biggest intraday percentage gain since September 7. US gold futures for December delivery rose 0.2% to $1,314.30/oz. "The sharp sell-out in the equity market and rising risk aversion [are driving gold prices]," said Richard Xu, a fund manager at China’s biggest gold exchange-traded fund, HuaAn Gold. North Korea’s foreign minister said on Monday that a weekend tweet by President Donald Trump counted as a declaration of war on North Korea and that Pyongyang reserved the right to take countermeasures, including shooting down US bombers even if they were not in its air space. "Gold will continue to be headline-driven in the short term," said Jeffrey Hal...
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