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13 August 2017, 02:25 | Kelvin Horton
European markets also slid in early trade after Wall Street indices suffered their biggest losses in almost three months Thursday, while the dollar struggled to recover from eight-week lows below 109 yen as investors fled to safe haven assets.
North Korea claimed "only absolute force" can work on someone as "bereft of reason" as Trump and detailed plans to fire a salvo of missiles into waters around the US Pacific territory of Guam.
At 3:15pm BST, the Comex gold futures contract for December delivery was up 1.09% or $13.90 to $1,293.20 an ounce, as the precious metal extended overnight gains, of almost 2% stateside, with yet another rally in Asia and Europe.
In economic news, German consumer inflation grew an annual 1.7% in July, slightly faster than the 1.6% increase registered in June, final data from Destatis showed.
While North Korea is likely to remain in focus, a report on consumer price inflation may also attract attention on Friday, with consumer prices expected to rise by 0.2% in July.
Meanwhile, the dollar USDJPY, -0.31% fetched ¥109.69, compared with ¥110.31 late Tuesday.
The Dow Jones Industrial Average rose 14.31 points, or 0.07 per cent, to end at 21,858.32, the S&P 500 gained 3.11 points, or 0.13 per cent, to 2,441.32 and the Nasdaq Composite added 39.68 points, or 0.64 per cent, to 6,256.56. The company also said sales at its established stores declined for the fourth-straight quarter. "Whether it is a credit crunch in China, policy error from the Fed, or fear of an over-valued USA stock market, there are many reasons to maintain a balanced multi-asset portfolio that has exposure to defensive asset classes and currencies". Germany's DAX was flat, while France's CAC 40 fell 1.1 percent. The contract fell 97 cents, or 2 percent, to close at $48.59 a barrel on Thursday.
J.C. Penney slumped 16.56 percent to a record low after the retailer reported a bigger-than-expected quarterly loss.
US gold futures for December delivery was mostly unchanged at $1,290.50 per ounce.
The bondmarket was without direction: the yield of u.s. Treasury bills to 10 years, which evolves to the inverse of the bond price, appears to 2,190 %, compared to 2,198 % Thursday evening, and that bills to 30 years at 2,786 %, compared to 2,773 %.
Bond prices, which move inversely to yields, closed higher. Britain's FTSE 100 was down 1.1 percent.
Several indexes closed lower overnight.
South Korea's KOSPI fell 1.7 percent on Friday to its lowest since May 24, but its losses for the week were a relatively modest 3.2 percent. The benchmark S&P/ASX 200 Index and the broader All Ordinaries Index fell around 1.2% each to finish at 5,693.10 and 5,743.50, respectively. Other regional East Asian financial markets would also be vulnerable, particularly Japanese financial markets, with risks of disruption to Northeast Asian regional trade and investment flows and manufacturing supply chains.
French leader urges calm in North Korea crisis
Earlier this week, Trump said if North Korea made any more threats to the US , it will be met with "fire and fury". As the crisis has unfolded, Trump has alternated praising China for its help and chiding it for not doing more.
This iTunes hit song is 10 minutes of silence
A new solution has emerged, however, in the form of a "song" that runs for 10 minutes with nothing but silence. This article by Nathan Ingraham originally appeared on Engadget , your source for this connected life.