Gold holds gains after North Korea missile report

Gold was up again on Monday as a Russian report on North Korea’s long-range missile ambitions from Friday kept the metal’s safe-haven status in play.

The yellow metal lifted 0.3 per cent to $1,278 an ounce on Monday as it held gains made in late trading last week.

Gold had gained $7 dollars on Friday, bouncing from a two-month low, following the release of a report by Russian state media that North Korea was preparing to test a long-range missile that could reach the US west coast.

Russia’s state-owned news RIA reported the news, citing a Russian lawmaker following a trip to Pyongyang.


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