Investors flee stocks for gold
Gold's main safe haven in times of geopolitical instability, has taken $27.50 per ounce, or more than 2 % in two sessions. Stocks are opening slightly lower on Wall Street after several companies reported disappointing results.
A disturbance that has been slowly making its way across the Atlantic since last week has organized and gained strength, becoming the 2017 Atlantic hurricane season's eighth tropical depression, the National Hurricane Center reports.
"At this time, the more likely scenario is for the tropical system to stay offshore", AccuWeather meteorologist Dan Kottlowski said in a report.
The disturbance is forecast to move northwestward through the weekend and to turn northeastward - away from the US coast - early next week. With its current forecast track, the only impact to the United States will be some increased surf along the coast. The NHC advises that it is still capable of dropping heavy rains on Florida over the next few days, though, even if it doesn't organize.
North: Media to Partly Blame for Escalating US-N. Korea Tension
His visit came the day after President Trump said North Korea would be met with "fire and fury" in the event of a nuclear attack. Tensions have escalated rapidly in recent weeks after North Korea tested two intercontinental ballistic missiles in July.