Mubasher: Gold prices have risen by the end of Monday trade, increasing by around $14 and exceeding the level of $1,300, as more geopolitical risks are rising with North Korea threatening to target American Aircrafts.

Gold futures went up by 1.1%, registering $1,311.5 per ounce, its highest level since 15 September.

Recent remarks by North Korean foreign minister Ri Yong Ho, accusing US President Donald Trump of declaring war on his country have led to increased tensions between the two countries, with North Korea claiming that American threats would justify shooting the United States strategic bombers at any time.

Last week, Trump said in his speech to the General Assembly of the United Nations (UN) that the United States of America will not hesitate in taking the decision of a total destruction of North Korea, if it continues with it threats against the US.