Gold prices on Tuesday, September 5, fell fromtheir highest in nearly a year as the dollar steadied, though safe-haven demand continued to support the precious metal in the
wake of North Korea’s most powerful nuclear test to date.
Spot gold was down 0.1 percent at $1,333.00 per ounce by 0054 GMT, after touching its strongest since late September at $1,339.47 in the previous session.
U.S. gold futures for December delivery were up 0.6 percent at $1,338.80. The dollar steadied on Tuesday after investors took in the
Asian shares barely budged Tuesday after having absorbed the initial shock from North Korea’s nuclear test on the weekend.
The United States accused North Korea’s trading partners on Monday of aiding its nuclear ambitions and said Pyongyang was “begging for war” after the North’s nuclear test on Sunday and signs that further missile launches were on the way.
U.S. President Donald Trump agreed “in principle” to scrap a warhead weight limit on South Korea’s missiles in the wake of North Korea’s test, the White House said on Monday.
The United States wants the United Nations Security Council to vote next Monday to impose “the strongest possible” sanctions on North Korea, U.S. Ambassador to the United Nations Nikki Haley said on Monday.
The European Central Bank bought fewer German bonds in August than in any month since the start of its stimulus programme, data showed on Monday, suggesting it was holding back to avoid running out of debt to buy.
Japan’s central bank is already in the process of winding down its radical monetary policy and may also look at making changes to its long-term interest rate target in the near
future, former board member Takahide Kiuchi said on Monday.
