Trump on North Korea; Google scandal; Trouble at Snap

Trump on North Korea; Google scandal; Trouble at Snap

Also underpinning a move higher in the precious metal, was data showing a continued slowdown in the pace of inflation as consumer prices rose less than expected in July.

After a dip of as much as 0.52 percent earlier in the day, investors appeared to take some comfort in Tillerson's comments, said Richard Steinberg, managing director at HighTower Advisors in NY.

"Geopolitical tensions are the key driving force this morning, boosting demand for safe havens", TD Securities analysts said in a note. Futures pointed to further declines on Wall Street, with S&P 500 futures down 0.3 percent at 2,465.70 and Dow futures falling 0.2 percent to 21,986.00.

Trump was responding to North Korea's claim it was completing plans to fire four intermediate-range missiles over Japan to land near the U.S. Pacific territory of Guam.

Josh Saul, chief executive officer of London-based The Pure Gold Company, which is among the bullion merchants reporting incremental trading, said: "We've seen a 64% increase in people purchasing physical gold for the first time in recent sessions citing the breakdown of global relations".

Nervous markets: Global markets are heading for a third consecutive day of losses amid growing tensions between North Korea and the U.S.

The Dow and S&P 500 inched higher on the day but they both posted their largest weekly percentage drops since late March.

Gold rose to its highest level in nearly two months, while the Swiss franc increased by more than 1% against the U.S. dollar and saw its biggest one-day gain against the euro in more than two and a half years.

More news: Public Service Commision urges residents to call before digging

"The fear trade, which is the gold trade, has helped buoy the Toronto Stock Exchange", said Allan Small, a senior investment advisor at Holliswealth.

The Toronto Stock Exchange's S&P/TSX composite index fell 143.08 points to 15,074.25, with almost all of its sectors moving lower.

In typical safe haven fashion gold rallied, to hit a two-month high of $1,276 by 1300 BST after opening the London session at $1,265.

Trump, whose threat this week to bring "fire and fury" was dismissed by North Korea, said Thursday that statement might not have been "tough enough".

The yen gained more than 0.2 percent in Asian time as investors took their money out of higher-yielding currency plays following another warning from President Donald Trump to Pyongyang. Germany's DAX Index fell 0.6 percent, while the UK's FTSE 100 Index retreated 1.2 percent, and France's CAC 40 Index slid 1.4 percent.

Selling was broad. Declining issues outnumbered advancing ones on the NYSE 6-to-1; on Nasdaq, a 3.60-to-1 ratio favoured decliners.

Disney dropped 4.5 percent after reporting a weak quarter and saying it would pull its movies from Netflix and start its own video streaming services. Copper lost 0.39 percent to $6,455.00 a tonne.

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