Gold Prices Inch Up Amid North Korea Concerns - Indian Stock Market Tips

Gold edged up from a four-week low on Friday as the latest twist in tensions between the United States and North Korea prompted investors to seek out the safe-haven asset.

Fundamental

* Spot gold was up 0.2 percent at $1,293.70 an ounce at 0042 GMT, after marking its lowest since Aug. 25 at $1287.61 in the previous session.

* U.S. gold futures for December delivery were up 0.1 percent at $1,296.60 an ounce.

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

* The number of Americans filing for unemployment benefits unexpectedly fell last week, but the near-term outlook for the labour market was muddied by the continuing impact of Hurricanes Harvey and Irma.

* Holdings of SPDR Gold Trust rose 0.73 percent to 852.24 tonnes on Thursday from 846.03 tonnes on Wednesday.

* ICE Benchmark Administration, a unit of Intercontinental Exchange (ICE) , will take over as operator of London's silver benchmark on Oct. 2, a week later than planned, the bourse said on Thursday.

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