Gold rises on geopolitical risks

Gold rises on geopolitical risks
Gold registered $1,284.9 per ounce by the end of Monday's trade

Mubasher: Gold prices rose on Monday for the second consecutive day, as the US dollar saw a mixed performance due to the contentiously rising geopolitical risks.

Investors lean towards safer investments in times of crisis, with growing tensions between the United States and North Korea, and the American President reportedly refusing to sign the extension of the Iran Nuclear Agreement.

It was reported that North Korea is planning in the upcoming period to test long-range missile attacks that can reach the west cost of the US.

Gold futures for December delivery rose 0.8%, and closed at $1,284.9 per ounce.

Source: Mubasher