Korean tensions keep yen near eight-week highs

People walk past an electronic board showing stock prices outside a brokerage at a business district in Tokyo

People walk past an electronic board showing stock prices outside a brokerage at a business district in Tokyo

Trump further ratcheted up the rhetoric in remarks this afternoon, suggesting that his "fire and fury" comments may not have been tough enough.

Wall Street's so-called "fear gauge", the CBOE Volatility Index, hit the highest levels since Election Day on Friday (http://www.marketwatch.com/story/wall-streets-fear-gauge-on-course-for-biggest-weekly-surge-in-2-years-2017-08-11), after a spike on Thursday but was retreating in recent trade.

Johannesburg/London - Gold prices climbed to two-month highs on Friday as investors sought refuge from escalating tensions between North Korea and the U.S., while bullion also received support from weak USA inflation data.

TOUGH TALK: Tensions between the US and North Korea continued to simmer early Friday.

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.

The world equity markets have lost 1000 billions of dollars of funding since the beginning of the verbal sparring between the United States and North Korea.

The index was also dragged lower after Beijing ordered probes into three major Chinese social networking platforms over outlawed content.

The Standard & Poor's 500 index rose 5 points, or 0.2 percent, to 2,444 as of 12:28 p.m.

Mehbooba opposes repeal of Kashmir's special status - Newspaper
Moreover, the Article 370 is part of the original constitution, and hence, the Article 35A also flows from it. The Union government has rightly parted ways with the state government in front of the Supreme Court .

A spokesman for the Korean People's Army said in a statement that it was "carefully examining" plans for a missile attack on the U.S. Pacific territory, which has a large American military base.

BAD LOOK: Investor concerns about slowing growth in Nvidia's data center business weighed on the company's shares, even though the maker of graphics chips posted earnings that beat expectations. Shares of Manulife, which reported better-than-expected results, fell after the company played down talk of a John Hancock spin-off.

At 3:15pm BST, the Comex gold futures contract for December delivery was up 1.09% or $13.90 to $1,293.20 an ounce, as the precious metal extended overnight gains, of almost 2% stateside, with yet another rally in Asia and Europe.

Shares of USA department stores Kohl's and Macy's were weak after their results.

According to analyst Simona Gambarini, the price of gold "tends to rise in anticipation of a conflict but often falls when tensions turn into a full-blown war".

The bond market was without direction: the yield of u.s. Treasury bills to 10 years, which evolves to the inverse of the bond price, appears to 2,190 %, compared to 2,198 % Thursday evening, and that bills to 30 years at 2,786 %, compared to 2,773 %. In Asia, several indexes closed lower overnight.

The dollar slipped to 109.04 yen from 109.26 late Thursday.

OPEC pumped more oil in July as global oil supplies rose for the third straight month, the IEA said Friday, giving figures that cast further doubt on the cartel's pledge to cut output to raise prices. It was last up 1.2% at 1.1305 per euro.

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