Gold prices have spiked to their highest point in almost a year as safe-haven assets continue their march upwards against a backdrop of ongoing tensions surrounding North Korea and its nuclear program.The precious metal edged around 1 percent higher in early Monday trade, hitting $1,338.16 per troy ounce by 9:30 a.m. London time, to stand marginally shy of the 12-month peak of $1,338.48 reached on September 24 last year.Prices had pulled back slightly in later trade to hover around $1,334.48 by lunchtime in London.Gold’s rally has directionally tracked those of fellow safe-haven assets including the Japanese yen and Swiss franc during Monday’s session, following North Korea’s latest missile test over the weekend.
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