Risk-off trades are climbing after North Korea’s missile launch

BusinessInsider/Elena Holodny/08-29-17

Investors are pulling into safe haven assets after North Korea’s missile launch.

Gold climbed to its highest level this year earlier in the day, touching $1,326.08 per ounce.

The Japanese yen, Swiss franc, and US Treasurys are rallying Tuesday morning, as well.

…”North Korea’s provocations have added to fuel to the fire that was already burning,” Marc Chandler, the global head of currency strategy at Brown Brothers Harriman, said of the dollar.

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