Política 02-08-2017

Gold rush: the most unexpected effect of tension between the US and North Korea

On July 31, the gold price reached its maximum against the dollar in the last seven weeks, while the value of the US currency approached its minimum levels with respect to the euro.

The price of gold reached $ 1,270.98, a figure that was not recorded since June 14, reports Reuters.

The gold rally and falling dollar came after two B-1B bombers flew over the Korean peninsula on July 30 and the US ambassador to the UN said China, Japan and South Korea would have to take more action after the latest tests carried out by Pyongyang.

North Korea said it had conducted a successful test of its intercontinental ballistic missile on July 28, the second so far this month.

According to the official announcement, the missile flew about 998 kilometers, reaching an altitude of almost 3,725 kilometers, and fell in the East Sea (Sea of Japan) about 47 minutes after taking off.