Investing.com - Gold prices continued to trade near one-year highs on Tuesday, as concerns over fresh military threats by North Korea boosted demand for safe-haven assets.
Comex gold futures were up $6.76 cents or around 0.51% at $1,337.08 a troy ounce by 08.35 a.m. ET (12:35 GMT).
The precious metal strengthened after North Korea conducted its sixth and largest ever nuclear test on Sunday, prompting U.S. Defense Secretary James Mattis to say that any threat to the U.S. or its allies would be met with a “massive military response”.
On Monday, South Korea said its northern neighbor had been observed moving what appeared to be an intercontinental ballistic missile towards its west coast.
Meanwhile, the United Nations was said to be considering tougher economic sanctions against North Korea.
Elsewhere on the Comex, silver futures gained 0.2 cents or about 1.10% to $18.01 a troy ounce.