Los Angeles CA, September 25 (Tangible Investments) — by James O’Dell — Precious metals prices were mixed on Monday. Gold is up 0.59 percent to $1,304.70 an ounce after gaining $6.50 on Friday to end the week at $1,297.10.

Silver is up 0.27 percent to $17.02 an ounce after adding $0.05 on Friday to finish the week at $16.98. The Gold/Silver ratio rose to 76.39. Platinum is up 0.32 percent to $934.00 an ounce. Palladium is down 0.44 percent to $910.00 an ounce.

Gold dipped in early trading Monday following Chancellor Angela Merkel’s election victory but turned sharply higher after North Korea’s foreign minister accused President Trump of declaring war on his country.

The euro fell 0.7 percent after the German election result raised concerns of a more hardline approach to the euro-zone. Merkel’s party remained the biggest in Parliament but needs a coalition and reminded center-left Social Democrats of their prior “grand coalition.”

Meanwhile, North Korean Foreign Minister Ri Yong Ho said the following after leaving his New York hotel on Monday. “Since the U.S. declared war on our country, we will have every right to make countermeasures, including the right to shoot down the U.S. bombers even when they are not yet inside the airspace border of our country,” said Ri Yong Ho.

“Last weekend, Trump claimed that our leadership wouldn’t be around much longer and he declared a war on our country,” he added. “Even the fact that this comes from someone who is currently holding the seat of the U.S. presidency is clearly a declaration of war.”

A war of words has persisted between President Trump and North Korea and it continues to raise tensions on the Korean Peninsula. Kim Jong Un’s main ambition is self-preservation and he will likely hold tightly to his nuclear program.

But it is estimated that should war break out on the peninsula, a million people could be killed, without diplomacy then perhaps war.

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