· Gold recovered from a four-week low on Friday as investors sought a safe haven from geopolitical uncertainty caused by rising tensions between North Korea and the United States.
· North Korea said on Friday it might test a hydrogen bomb in the Pacific Ocean after Trump vowed to destroy the country, with leader Kim Jong Un promising to make a "mentally deranged" Trump pay dearly for his threats.
· Spot gold was up 0.3 percent at $1,294.60 an ounce, as of 1330 GMT, having hit a four-week low of $1,287.61 in the previous session. Bullion was down 1.7 percent for the week and heading for a second weekly decline.
· U.S. gold futures climbed 0.2 percent to $1,297.50 an ounce.
· The dollar and stocks fell on Friday against the backdrop of these tensions, while the Japanese yen and Swiss franc gained on the possibility of North Korea conducting another nuclear test.
· Spot gold may end its current weak bounce around a resistance at $1,299 per ounce and then fall towards a support at $1,281, said Reuters technicals analyst Wang Tao.
· Silver was flat at $16.94 an ounce, while platinum was up 0.6 percent to $929.50. Both metals were, however, set for a second weekly decline.
· Palladium rose 0.4 percent to $915 an ounce and was set for a third straight weekly loss.
Reference: Reuters
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