Gold climbs amid US-North Korean 'sabre-rattling'

Investors brace after “unpredictable" war of words

clock • 3 min read

Investors fled to gold on Wednesday as tensions between North Korea and the US escalated, pushing the precious metal's price to an intraday high of $1276.2/oz.

US President Donald Trump's emotive suggestion about a large scale military response to North Korean threats rattled markets, also dragging the FTSE down 0.8% on Wednesday. The VIX measure for volatility was also up for the day, while the US dollar was marginally down against sterling. Gill Hutchison: Using gold to hedge inflation in mixed-asset portfolios Commenting on the impact of the political sabre-rattling, Old Mutual Global Investors' Ned Naylor Leyland, responsible for gold and silver investing, said any further escalation could serve to drive the metals' price even fur...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Reeves warns 'unwise to speculate' on Iran conflict's impact on UK economy

Reeves warns 'unwise to speculate' on Iran conflict's impact on UK economy

Treasury Committee hearing

Michael Nelson
clock 11 March 2026 • 2 min read
Fahad Hassan: Gulf crisis reshapes inflationary outlook

Fahad Hassan: Gulf crisis reshapes inflationary outlook

'This is an old-fashioned economic shock'

Fahad Hassan
clock 10 March 2026 • 3 min read
Spring Statement 26: Key takeaways from Reeves' latest fiscal update

Spring Statement 26: Key takeaways from Reeves' latest fiscal update

Markets digest uneventful Statement

Linus Uhlig
clock 04 March 2026 • 4 min read