It didn’t take long for gold to pick up momentum after closing above $1,300 an ounce for the first time since November on Monday.
The fallout from North Korea’s missile test sent traders flocking to haven assets as a Credit Suisse Group AG measure of investor fear advanced.
The gauge, which has risen for four of the past five weeks, also has been boosted by U.S. political turmoil and concern that floods in Texas will weigh on American economic growth.
Source: Bloomberg Pro Terminal
Junior Trader Stefan Panteleev
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