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Metals Stocks: Gold inches closer to $1,300 as U.S.-North Korea tensions return

Gold prices climbed toward $1,300 level on Monday, boosted by a flight to perceived safer assets as the war of words between the U.S. and North Korea returned to the fore.

Gold for December delivery GCZ7, +0.39% added $6.30, or 0.5%, to $1,297.90 an ounce after tapping a high of $1,299.70. The contract briefly jumped above $1,300 in Friday’s session, as a terrorist attack in Barcelona, Spain, and concerns about President Donald Trump’s pro-business agenda helped to spark a rush to haven assets, but prices pulled back that day to post a modest loss.

“Demand for gold is likely to remain high nonetheless, as the U.S.

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