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Gold Boosted Amid Anxious World Marketplace

(Kitco News) – Gold Prices are moderately higher and hit a four-week high today on safe-haven demand and short covering in the futures Markets. There is still keen anxiety in the world marketplace Wednesday and it’s coming from several sources. North Korea said Wednesday it has tested a hydrogen bomb. However, western intelligence sources said the detected blast was not big enough to be an H-Bomb. Still, the world was reminded that North Korea’s rogue regime possesses nuclear weapons despite its world isolation.

By Jim Wyckoff, contributing to Kitco News; jwyckoff@kitco.com
Follow Jim Wyckoff @jimwyckoff