The price of gold has soared as heightened global uncertainties, including geopolitical tensions on the Korean Peninsula, are driving investors into safe-haven investments.
 
Gold futures for December delivery on the New York Mercantile Exchange finished at one-thousand-311 dollars and 50 cents per ounce on Monday, the highest since September 15th. It was also up by 14 dollars, or one-point-one percent, from a day earlier.
 
The price of gold has been on the rise since last month, partly due to growing tension between the U.S. and North Korea.
 
State Street Global Advisors, a U.S. firm managing one of the world’s largest gold exchange-traded funds, forecast the gold price will continue to stay strong next year.  
 
George Milling-Stanley, head of the gold strategy team at the company, told Japan’s Nihon Keizai Shimbun on Tuesday that investors’ preference for safer assets will remain unchanged as long as there are uncertainties, such as North Korea risks and unstable management of state affairs by U.S. President Donald Trump.