Gold prices were up for the fifth straight day as geopolitical tensions
continue to escalate between US and North Korea, and as low US inflation
left some Federal Reserve officials backing delays in further interest
rate hikes.
Spot gold was up 0.1% at USD 1,339.87 per ounce by 0101 GMT, after touching its highest level since early September at USD 1,344.21 in the previous session.
US gold futures for December delivery were nearly unchanged at USD 1,345.00.
New orders for US-made goods recorded their biggest drop in nearly three years in July, but demand for capital goods was stronger than previously reported, pointing to a faster pace of business spending early in the third quarter.
Spot gold was up 0.1% at USD 1,339.87 per ounce by 0101 GMT, after touching its highest level since early September at USD 1,344.21 in the previous session.
US gold futures for December delivery were nearly unchanged at USD 1,345.00.
New orders for US-made goods recorded their biggest drop in nearly three years in July, but demand for capital goods was stronger than previously reported, pointing to a faster pace of business spending early in the third quarter.
Euro zone government bond yields dipped on Tuesday as attention shifted from tensions over North Korea to an approaching European Central Bank meeting that could shed light on the timing for an unwinding of massive monetary stimulus. Business activity in the Euro zone stayed robust in August as it outpaced Britain, where an economy increasingly bogged down by Brexit worries lost momentum.
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