Gold offers refuge from US-North Korea tensions

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"The slight bias to the upside (in stocks) is a result of the CPI number".

"It looks like it was used as a good excuse to adjust positions", he said, referring to the latest flare-up of tensions between the United States and North Korea.

The kiwi was trading at 79.23 yen from 80.44 yen, as the safe-haven yen continued to attract interest as US President Donald Trump stepped up his rhetoric against North Korea.

The escalating sentiments out of North Korea and Washington after the weekend UN Security Council sanctions helped send the price of the fail-safe currency up on Wednesday.

Traders across the globe reacted with dismay to Trump's warning Thursday that his earlier threat to unleash "fire and fury" on the reclusive nuclear-armed state may not have been "tough enough".

"There's not a great incentive to buy big", said Lerner of SunTrust Advisory. The Dow slid 0.2 percent to 22,085.34.

Emerging market stocks lost 1.27 percent. Discovery Communications fell 94 cents, or 3.9 percent, to $23.36. 'Pretty remarkable, perhaps even extraordinary, considering, ' said Tim Ash, strategist at fund manager BlueBay.

After falling to a almost two-week low on Tuesday gold prices turned higher after unease over North Korea, reversing the downward move after the jobs data pushed the dollar away of its 13-mnt low.

US crude was down 0.9 percent at $48.16 per barrel, on track for a weekly loss of 2.9 percent.

Thin liquidity could also amplify market moves, she added, with markets in Singapore closed for a public holiday, and many market participants in Japan taking time off this week ahead of a public holiday on Friday.

Gold Remains Sensitive to US dollar strengthening.

The dollar was further weighed down on Friday by the soft US inflation data.

"We are encouraged by our first-quarter performance, although we continue to believe that fiscal 2018 will be a transition year for our company, as we focus on laying the foundation for the future by executing on our strategic plan", he said.

The franc jumped 1.4 percent to 0.9611 francs per euro in early trades.

The S&P fell as much as 0.52 per cent at its session low.

The Japanese yen hit an eight-week high against the USA dollar, and US -traded Nikkei stock futures dropped 2 percent to their lowest since mid May.

Investors appeared to be moving their money into the relative safety of bond markets.

The yield on the benchmark 10-year US Treasury note fell to 2.254 percent from its US close of 2.282 percent on Tuesday.

METALS: Gold, a traditional safe haven play, added $16.70, or 1.3 percent, to settle at $1,279.30 an ounce.

"If we break above this downtrend, then we potentially open up the region up to $1,300, the recent highs we saw in April and June", Butler said.

Crude oil prices tumbled on the back of the selloff on Wall Street and lingering concerns over global oversupply.

In commodities trading, USA crude oil was wallowing around $49 to the barrel amid speculation that a predicted gain in American output will offset OPEC-led efforts to trim a global glut.

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