Gold steady near 2-month highs as N. Korea tensions lend support

Gold spikes as N. Korea ignores Trump's 'fire and fury' warning

Gold surges as US and North Korea ratchet up nuclear tensions

At the close trading in NY, the Dow Jones Industrial Average was down 204.69 points, or 0.9%, to 21,844.01, its biggest one-day fall since May 17.

The Korean won also continued to skid, sliding 0.4 percent to 1,146.2, below its 200-day moving average.

The Nasdaq Composite was up 34.61 points, or 0.56 percent, at 6,251.48. Analysts say that the safe haven pairs are likely to continue to be sought out by investors as the tensions escalate. "And while risks remain elevated from a geopolitical perspective, valuations are not necessarily excessive, though full". They estimated it at 42 % before the publication of the figure for inflation. Is that a reason to be?

Brewing tensions between the USA and North Korea put investors in a selling mood again Thursday, dragging US stocks lower for the third day in a row.

"We do just not know what happens next with the North Korea situation", said BNY Mellon FX strategist Neil Mellor. The Nasdaq has, him, down 1.5 %.

Singapore banks led the decline, with DBS Group shedding 2.2 per cent or 46 cents to $20.80; OCBC Bank fell 12 cents or 1.1 per cent to $11.20; United Overseas Bank Group lost 1.3 per cent or 33 cents to $24.20.

Emerging market stocks lost 1.27 per cent. MSCI's broadest index of Asia-Pacific shares outside Japan closed 1.47 per cent lower.

"I will tell you this, North Korea better get their act together or they're going to be in trouble like few nations ever have been in trouble in this world", Trump said.

The CBOE Volatility Index, better known as the VIX and the most widely followed barometer of expected near-term stock market volatility, rose the most in about 12 weeks.The index ended up 4.93 points at 16.04, the highest level since November 8, when Trump was elected president.

In the latest economic data, the consumer-price index (http://www.marketwatch.com/story/us-consumer-inflation-remains-soft-in-july-cpi-shows-2017-08-11) rose a seasonally adjusted 0.1% in July, its fifth straight month of softness, raising more questions about whether inflation will eventually rise to hit the Federal Reserve's 2% annual rate target. Companies in the S&P 500 are set to report stronger second-quarter earnings than analysts expected, according to FactSet, lifted by oil-and-gas companies benefiting from stabilizing oil prices and multinational firms profiting from a weaker dollar.

Outside the political arena, declines in a pair of technology stocks added to the cautious tone on the day. Especially, after the fall of the previous day, he felt that the market was too lowered, and he therefore took advantage of a technical rebound. Shares of Macy's lost 10% and Kohl's fell 5.8%.

It was too late to save another negative session in London as the FTSE 100 dropped to a three-month low after shedding nearly 1 per cent to 7,305.48.

"We've had some competing forces play out over the past 12 hours - the USA dollar was stronger off economic data, but that was quickly reversed with President Trump's comments about North Korea earlier today (Wednesday)", said ANZ analyst Daniel Hynes. "When earnings are not beating expectations there's a sell off in the companies, and we're just not seeing that money reinvested because of the geopolitical risks".

J.C. Penney slumped as much as 18.25 percent to a record low after the retailer reported a bigger-than-expected quarterly loss. "Gold and silver are higher, thanks mainly to their status as safe-haven commodities".

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