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N. Korea Risk Raises Prices of Safer Assets

News2017-09-09
N. Korea Risk Raises Prices of Safer Assets

Safer assets such as U.S. government bonds and gold have risen in value in global trading following North Korea's latest nuclear test on Sunday. 

The Korea Center for International Finance said gold prices rose one-point-eight percent from last weekend to one-thousand-349 dollars an ounce on Thursday. Compared to late last year, the cost of gold has jumped more than 17 percent.

Government bond prices of advanced economies such as the U.S. and Germany have also risen.

The yield on the ten-year U.S. Treasury bonds fell zero-point-13 percentage points in a week to just over two percent, while interest on ten-year German bonds fell point-07 percentage points to zero-point-31 percent.

Interest and bond prices move in the opposite direction. 

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