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2017.09.2201:27:00UTC+00Gold Climbs Amid North Korea Concerns

Gold prices rose from a four-week low on Friday as recent tensions between the United States and North Korea caused investors to turn to the safe-haven asset.

Spot gold climbed 0.2 percent at $1,293.70 per ounce, after hitting its lowest since Aug. 25 at $1,287.61 in the session earlier.

U.S. gold futures for December delivery rose 0.1 percent at $1,296.60 per ounce.

The dollar eased against the yen and versus a basket of six major currencies.

U.S. President Donald Trump ordered new sanctions against North Korea and Pyongyang's leader Kim Jong Un promised to proceed with its nuclear and missile programmes and said it would consider the "highest level of hard-line countermeasure in history" against the United States.

Holdings of SPDR Gold Trust, the world's biggest gold-backed exchange-traded fund, increased 0.73 percent to 852.24 tonnes on Thursday from 846.03 tonnes the previous day.

ICE Benchmark Administration, a unit of Intercontinental Exchange (ICE), will take over as operator of London's silver benchmark on Oct. 2, according to the bourse.



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