Gold Rallies On Geopolitical Tensions, NK Threatens Guam

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Guam, a remote US territory in the western Pacific Ocean, is in North Korea's crosshairs.

Even as the Pacific territory's debt trading volumes hit almost $12 million, according to a review of Thomson Reuters data, prices were only marginally changed on the day.

South Korea's military said on Thursday North Korea's recent statements regarding striking the US territory of Guam are a challenge against Seoul and the US-South Korea alliance. That is close to half the distance between Guam and Hawaii, which sits about 3,960 miles away.

The commander of the North Korean army made more threats Wednesday night, saing they will have a plan to fire on Guam by the middle of this month.

US President Donald Trump speaks about North Korea at a meeting with administration officials.

North Koreans stage a rally in Pyongyang on Thursday.

"The system's created to engage multiple targets simultaneously, so that should be quite feasible to do", Bennett said.

Trump is "extremely getting on the nerves" of his soldiers with the "fire and fury" comments, he said.

Nagasaki Mayor Urges Nations: Abandon Nuclear Programs
I appeal to all governments to follow your example and intensify their efforts to achieve a world free of nuclear weapons. In a speech, Japanese Prime Minister Shinzo Abe expressed his commitment to "realizing a world without nuclear weapons".

There are two major bases on Guam: Andersen Air Force Base in the north and Naval Base Guam in the south.

He is right: This time, North Korea has detailed plans for a missile test that would land in the waters near Guam.

"North Korea best not make any more threats to the United States", Trump told reporters.

"I think what the president was doing was sending a strong message to North Korea in language that Kim Jong-un would understand", he said.

North Korea's apparently rapid progress in developing nuclear weapons and missiles capable of reaching the United States mainland has fuelled tensions that erupted into a war of words between Washington and Pyongyang this week, unnerving regional powers and global investors. "Risk aversion is still very much a concern for markets", said Shaun Osborne, chief currency strategist, at Scotiabank in Toronto.

On Thursday, New York Fed President William Dudley said he expects sluggish USA inflation to rise over the next several months while the hot labor market gets even hotter.

The yen is often sought in times of geopolitical tension, partly because Japan has a big current account surplus, and it being the world's biggest creditor nation, there is an assumption Japanese investors may repatriate their foreign holdings in times of heightened global uncertainty.

"The US can't usually gain the upper hand in this war of words, as Pyongyang chooses whatever wording it likes, and what Washington says may not be heard by North Korean society", the paper said in an editorial late Wednesday.