Los Angeles CA, August 9 (Tangible Investments) — by James O’Dell — Precious metals prices were mixed in early trading on Wednesday as Gold jumps after North Korea threatens to attack Guam. Gold is up 1.09 percent to $1,274.50 an ounce after gaining $3.40 on Tuesday to close at $1,260.70 an ounce.

Silver is up 2.28 percent to $16.81 an ounce after gaining $0.18 on Tuesday to close at $16.43 an ounce. The Gold/Silver ratio, the number of Silver ounces needed to buy an ounce of Gold, fell to 76.73. Platinum is up 0.93 percent to $978.00 an ounce. Palladium is down 0.23 percent to $886.00 an ounce.

Gold rose in early trading on Wednesday after North Korea threatened an attack on Guam, a U.S. Pacific territory. A Korean People’s Army spokesman said Wednesday that North Korea was carefully examining plans for a missile attack on Guam. Several U.S. military bases are located on the island.

The threat came in response to President Trump’s remarks that any further threats against the U.S. by North Korea would be met with fire and fury. “North Korea best not make any more threats to the United States. They will be met with fire and fury like the world has never seen,” said Trump on Tuesday at Trump National Golf Club in Bedminster, New Jersey.

Tensions, created by the exchange of threats, have rattled global markets, while savvy investors have turned to safe-havens like Gold.

Buying The Dips In Gold to Re-Emerge

“Although the jobs market is clearly tightening, ‘everything else disappoints,’ including housing, retail, and the household and industrial sector, which have surprised to the downside of late,” says Boris Mikanikrezai, of FastMarkets.

“In this context, I expect buying on the dips in Gold to re-emerge sooner rather than later once the market finishes digesting the latest non-farm payrolls in the USA and starts focusing on the downside risks to the US economic outlook.”

It’s important to protect your hard earned wealth during these times of economic and geopolitical uncertainty. At Tangible Investments, it doesn’t matter whether you’re new to precious metals or a seasoned veteran. You will always be dealing with top industry experts.

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