Precious metals prices jumped on Monday with gold hitting a ten-month high of $1,337.90 per ounce as investors turned to safe-haven assets following North Korea's latest nuclear test. Pyongyang said it successfully tested a hydrogen bomb which can be mounted on an intercontinental ballistic missile. United States Defense Secretary James Mattis warned Washington may make a "massive military response" which will be "effective and overwhelming," while President Donald Trump threatened the US is willing to use the "full range" of its "nuclear capabilities" to respond to North Korea's "provocative" behavior.
Spot gold surged 0.93% to sell for $1337.31 per ounce at 8:18 am CET, reaching the highest level since November 2016. Silver climbed 0.76% to go for $17.86 per ounce and platinum gained 0.55% to sell for $1,013 per ounce at 8:20 am CET. Palladium rose 0.51% to go for $987 per ounce at 8:21 am CET.
The dollar index fell 0.34% to 92.54 at 8:22 am CET.
