Commodities Update: Gold dips as North Korean Missile fear wane

Gold

Gold was down 0.21% today at 0912 GMT after falling 0.9% on Monday, 11^th of September. Gold prices have rallied in the last few weeks, as tensions continue to brew between US and North Korea. Prices for Gold have risen by 2.93 percent in the last month alone.

Gold closed at $1328.61 on Monday, after touching a low of $1323.17.

Investors have been looking at safe investment havens as US weighs different options including war on how to deal with North Korean Hermit state. The prices for Gold have risen more than 4 percent in the last 3 months.

Gold prices were down on Monday from previous session, as North Korea did not conduct any missile tests contrary to expectations. Year to date, Gold has gained 15 percent in its value.

Silver

Silver Prices moved up by 0.05 (0.28%) in the markets, with a 7 day moving average of 17.89 for the last week. Silver prices have picked up in the last three months, gaining more than 5.54%.

Year to date, Silver has gained 11.79 percent in its value.