With North Korea's latest nuclear test sending jitters across financial markets, it appears that global investors are seeking out safer assets.
 
According to the Korea Exchange on Wednesday, the price of gold per ounce spiked for two consecutive days, reaching an all-time high for this year, at one-thousand-337-point-12 dollars on Monday.
 
The rally in gold was driven by the weakening greenback as well as a preference for safer assets due to geopolitical tensions, according to analysts.
 
Goldman Sachs predicts gold prices won't hold their gains for long, maintaining their forecast that the yellow metal will finish the year at one-thousand-250 dollars an ounce.