Gold steady near two-months highs as North Korea tensions lend support

Shares, Dollar Slip as US-North Korea Tensions Escalate

Asian stocks lower as US-North Korea nuclear tensions rise

The three major US stocks indexes were on track to snap a three-day losing streak on Friday, as investors bet that tepid inflation data would stunt USA rate hikes, even as the United States and North Korea stepped up an aggressive war of words.

Bond prices rose. The yield on the 10-year Treasury note slipped to 2.19 percent from 2.20 percent late Thursday.

For the week the S&P fell 1.4 per cent and the Dow lost 1.1 per cent - their largest weekly drops since the week ending March 24 - and the Nasdaq was off 1.5 per cent.

The dollar last changed hands at 108.96 yen, down 0.2 percent.

Almost $1 trillion has been wiped out from global equity markets since Trump's promise on Tuesday to unleash "fire and fury" on North Korea if it threatens the United States.

Major indexes in Europe closed mostly lower.

President Donald Trump said Friday that the USA military was "locked and loaded", while Pyongyang accused him of driving the Korean peninsula to the brink of nuclear war.

WALL STREET: Losses in health care and consumer-focused companies pulled US stocks lower, snapping a 10-day winning streak for the Dow Jones industrial average.

Excluding food and energy prices, core consumer prices still crept up by 0.1 percent in July, matching the increases seen in the three previous months.

A small rise in a measure of US consumer prices pointed to benign inflation that could make the Federal Reserve cautious about raising interest rates again this year, which would be favorable to equity investors.

The U.S. equity market is hovering near record levels and volume has been tepid following the onset of summer. The Nikkei share average was down Thursday as market participants watched North Korea-U.S. developments.

U.S. ECONOMY: Employers posted a record number of open jobs in June while a survey of small businesses showed optimism improving. Silver rose 1.7% to $16.70 per ounce. October Brent crude fell $0.80, or 1.5%, to $51.90 a barrel.

The Nasdaq Composite was up 34.61 points, or 0.56 percent, at 6,251.48. The Hang Seng index ended down 1.1% at 27444.00 points.

Crude oil prices extended their slide as exports from key OPEC producers rose, despite news of lower crude shipments from Saudi Arabia.

North Korea dismissed on Thursday warnings by U.S. President Donald Trump that it would face "fire and fury" if it threatened the United States as a "load of nonsense", and outlined detailed plans for a missile strike near the Pacific territory of Guam.

"It's been a bit of a roller coaster this week, with all the rhetoric between the U.S. and North Korea", said Jeff Kravetz, regional investment strategist at U.S. Bank Wealth Management.

USA crude rose 0.41 percent to $48.79 per barrel and Brent was last at $52.01, up 0.21 percent.

Tensions between the USA and North Korea continued to simmer early Friday. It was on course for an over 5 percent weekly rise, the highest such gain since July 2016. Four that are controlled by Dhanin and his family - Charoen Pokphand Foods, CP All, Siam Makro and True Corp. - are ranked by analysts in the region's top 20 in terms of return potential over the next 12 months.

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