(Bloomberg) Gold advanced to the highest in two months as the spike in tensions between the U.S. and North Korea fanned demand, with hedge fund billionaire Ray Dalio flagging rising risks, including “two confrontational, nationalistic, and militaristic leaders playing chicken with each other.” Bullion for immediate delivery rose as much as 0.2 percent to $1,289.07 an ounce, the highest level since June 7, and was steady at $1,284.82 by 2:33 p.m. in Singapore, according to Bloomberg generic pricing. The metal is up 2.1 percent this week, and 12 percent in 2017. Miners’ shares rose.
Gold Buoyed as Hedge Fund Titan Sees Leaders `Playing Chicken’
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