London: Gold inched up on Friday as North Korea´s latest missile launch over Japan triggered
safe-haven buying, but gains were limited as strong U.S. inflation data raised the spectre of another interest rate hike.
Spot gold edged up 0.1 percent to $1,330.79 an ounce by 0321 GMT, after dropping to its lowest since Aug. 31 at $1,315.71 in the previous session. The metal was, however, down 1 percent for the week, and on track to mark its first weekly decline in four.
U.S. gold futures for December delivery gained 0.4 percent to $1,334.80 an ounce. North Korea fired a missile on Friday that flew over Japan´s northern island of Hokkaido far out into the Pacific Ocean, South Korean and Japanese officials said, further ratcheting up tensions after Pyongyang´s recent test of a powerful nuclear bomb.
The image shows a poster of Syngenta Pakistan's 'CropWise Grower' mobile application. — Syngenta...
The undated image shows the name of the Bank of Punjab written on one its branches. — APP FileKARACHI: The Bank of...
ABHI, a financial technology company, partners with Soorty Enterprises. — Facebook/ProPakistaniKARACHI: ABHI, a...
This representational image shows Gold bars. — AFP/FileKARACHI: Gold prices in the local market dropped by Rs1,600...
A currency exchange dealer counting $100 bills. — AFP/FileAs any old-school currencies trader will tell you: buy...
A Pakistan International Airline aircraft takes off in this undated picture. — Radio Pakistan/FileLAHORE: We have...