Gold prices rose early Wednesday amid rising tensions between the United States and North Korea after the North responded to warnings from US President Donald Trump with a threat to strike the US territory of Guam. "We've had some competing forces play out over the past 12 hours - the US dollar was stronger off economic data, but that was quickly reversed with President Trump's comments about North Korea earlier today (Wednesday)," said ANZ analyst Daniel Hynes.
Spot gold rose 0.4 percent to $1,265.70 per ounce at 0646 GMT, while US gold futures for December delivery rose 0.7 percent to $1,271.30 per ounce. Pyongyang said on Wednesday it was considering plans for a missile strike on the US Pacific territory of Guam, just hours after Trump said North Korea would face "fire and fury" if it threatens the United States, his strongest warning yet for North.
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