WASHINGTON (dpa-AFX) - Gold futures continue to push higher, ending at their highest since November 4 amid concerns that tensions between North Korea and the U.S. may soon escalate.
With the dollar weakening and traders looking for a safe haven, gold prices have risen sharply in April. Downbeat U.S. manufacturing data also boosted gold's appeal today.
June gold climbed $3.40, or 0.3%, to settle at $1,291.90/oz.
The New York Fed said its general business conditions index tumbled to 5.2 in April after dipping to 16.4 in March, although a positive reading still indicates growth. Economists had expected the index to edge down to 15.0.
The bigger than expected drop by the headline index came amid a notable slowdown in new orders growth, as the new orders index plunged to 7.0 in April after jumping to a multi-year high of 21.3 in March.
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