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Gold gains about 1% as U.S.-North Korea tensions grow

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Gold futures rose Wednesday, joining a rally in safety plays that was sparked by a new war of words between the U.S. and North Korea. North Korea threatened a missile strike on a U.S. military base on Guam, with that sabre-rattling coming early Wednesday after U.S. President Donald Trump on Tuesday afternoon said he would respond with “fire and fury like the world has never seen” if the Asian country doesn’t halt its threats. Gold for December delivery GCZ7, +0.79%  rose $11.70, or 0.9%, to $1,274.30 an ounce, while September silver SIU7, +1.29%  tacked on 24 cents, or 1.5%, to $16.63 an ounce.

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