By Lana Clements
Fears of nuclear war escalated as Kim Jong-un’s rogue state revealed an air strike on the US.
In reaction demand, for safe havens have leapt and riskier assets such as stocks and shares have plunged.
Since the start of the week, gold prices are up by more than two per cent since the start of the week.
The precious metal price is now sitting at around $1,291 – the highest level since June – rising by around one per cent today alone.
Silver prices are also going up, as well as demand for other safe haven including US government bonds and the Japanese yen.
Experts said gold prices could surge even higher in the coming days.
Fawad Razaqzada, market analyst at Forex.com, predicts gold could surge above $1295.
He said: “Gold is looking increasingly bullish from a technical standpoint.”
Arabian Pure Gold reported sales increases of 125 per cent yesterday as tensions between the USA and North Korea intensified.
Chief executive Josh Saul said: ““We saw a 64 per cent increase in people purchasing physical gold for the first time citing the breakdown of international relations.
“Many fear that as allies, the UK are also susceptible to being dragged into an unnecessary and unwanted conflict.
“We see many of our new enquiries and clients using the opportunity to protect themselves against an uncertain future, especially given the unpredictability of both President Trump and Kim Jong-Un.”
Source: The Express
