Gold Above $1,300 After North Korea Missile Launch

A flight to safety pushed physical gold through $1,300 for the first time this year and several listed gold miners made significant daily gains

Morningstar News Team 29 August, 2017 | 4:44PM

Gold bars

Spot gold and mining shares were back in favour on Tuesday as North Korea's missile launch over Japan sent investors fleeing from equities and back to safe havens.

Physical gold prices hit levels last seen in autumn 2016, having so far this year failed to breach the $1,300 level - and having started the year $200 lower than current prices.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Acacia Mining PLC  
BHP Group PLC1,816.00 GBX-0.49
Centamin PLC201.10 GBX-2.28

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