Markets

Can US Attack North Korea and Claim 'Self Defense'?

Can US Attack North Korea and Claim 'Self Defense'?

As for where gold can go from here, Capital Economics says that "until there is some certainty as to how the current geopolitical situation will evolve, gold prices are likely to remain well supported and could even rise above $US1,350 per ounce".

The euro was down 0.1 percent at $1.175 while the dollar fell 0.6 percent to 109.68 yen.

Wall Street's fear gauge - the CBOE Volatility Index or the VIX - surged 44%, its second-biggest one-day jump of the year.

Gold is viewed as a safe haven asset that investors flock to during periods of uncertainty.

The Nasdaq Composite Index plunged 2.1% to 6216.87 and the Standard & Poor's 500 Index dropped 1.45% to 2438.21. Lockheed Martin, Raytheon, General Dynamics and Northrop Grumman and the Dow Jones U.S. defence index .djusdn was up 1.48 percent after hitting a record high.

President Donald Trump said Friday that the US military was "locked and loaded", while Pyongyang accused him of driving the Korean peninsula to the brink of nuclear war.

Josh Saul, chief executive officer of London-based The Pure Gold Company, which is among the bullion merchants reporting incremental trading, said: "We've seen a 64% increase in people purchasing physical gold for the first time in recent sessions citing the breakdown of worldwide relations".

Shares of Snap were down as much as 14.23 percent and hit an all-time low following a miss on revenue and daily active users.

The one-upmanship in the "war of words" between Donald Trump and Kim Jong-un came to accelerate the fall of the stock market.

Chandigarh Stalking: Women Hold Protest For Freedom To Move Around 'Anytime'
Vikas Barala, son of Haryana Bharatiya Janata Party (BJP) chief Subhash Barala was sent to a 14 day juidicial custody. On the night of August 4, the duo chased Kundu who was returning after work.

Stocks are opening slightly lower on Wall Street after several companies reported disappointing results.

In Europe, the Stoxx 600 Index fell 1%.

Barrick Gold Corp rose 2.3 per cent to C$21.74 as the price of gold, a safe-haven asset, reached its highest levels in two months. The contract fell 97 cents, or 2 percent, to close at $48.59 a barrel on Thursday.

Auto parts maker Hyundai Mobis Co. was up 1.78 percent to 257,500 won, and No. 2 chipmaker SK hynix Inc. rose 0.31 percent to 64,400 won.

The S&P/TSX composite index was down 39.02 points to 15,217.33, with most sectors finishing in the red while bullion stocks surged almost 1.9 per cent.

Trump said that further threats would be met with "fire and fury like the world has never seen".

Macy's M.N shares closed down 10.2 per cent and Kohl's KSS.N fell nearly 6 per cent as the companies continued to report a drop in quarterly same-store sales, stoking concerns that their turnarounds may still be a long way off.

On Thursday, Germany's DAX 30 lost 0.2% to 12,124.23, and France's CAC 40 index fell 0.3% to 5,132.45.