Gold higher upon concerns over North Korea

Gold higher in early EU session

The precious metal, gold, traded upper in the early European trading session, amid the concerns over North Korea increasing the most influencing the demand for safe-haven assets.

Gold futures at $1,231.80

Gold futures on the Comex division were at $1,231.80 a troy ounce rising 0.3% or $4.00, while spot gold reached $1,232.00.

Palladium reached $811.25 an ounce adding 1%, platinum to $931.10 tacking 1.5%, and copper futures approached $2.540 a pound advancing 1.6 cents.

New Zealand

New Zealand's retail sales rose from 0.5% to 1.5%. The economists estimated the retail sales to appreciate 1.1%.

The nation's core retail sales appreciated from 0.7% to 1.2%. The analysts predicted the RS indicator to rise 0.9%.

Japan

Japan's corporate goods price index climbed from 1.4% to 2.1% and did not match the predictions for escalation to 1.8%.

Australia

Australia's home loans dropped from -0.8% to -0.5% while the analysts predicted 0.1% rise.

China

China's industrial production declined from 7.6% to 6.5% and did not meet the estimates for declination to 7.1%.

The Chinese retail sales decelerated from 10.9% to 10.7% and differed from the predictions for a drop to 10.6%.

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