Gold Gains Amid Renewed North Korea Fears - Bullions Tips

Gold prices climbed to their highest in more than a week on Monday as renewed concerns over North Korea's nuclear ambitions stoked safe-haven demand for the precious metal and weighed on the dollar. Spot gold was up 0.5 percent to $1,282.39 an ounce by 0357 GMT, after earlier touching its highest since Sept. 29.

U.S. gold futures for December delivery gained 0.8 percent to $1,284.80 per ounce. The dollar held steady against the yen on Monday, having retreated from 12-week highs set last week, due to a renewed focus on geopolitical risks amid concerns that North Korea may be preparing another missile test.

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