Stocks, dollar extend slide as US-North Korea tensions intensify

Some of the top performing gold and gold mining stocks also rose on the back of the heightened USA and North Korean tensions.

As the war rhetoric between the United States and North Korea reached a boiling point with both the parties threatening to act, Gold has broken the resistance line around $1267 per troy ounce and reached as high as $1289 per troy ounce.

Below that level lies another key support level for the dollar on technical charts at 108.13 yen, a trough the greenback touched in mid-April.

Pyongyang responded to provocations from President Trump and said it would consider using missiles against USA military bases in Guam.

Many markets have recently climbed to record or multi-year highs, leaving them vulnerable to a sell-off. It was up about 2 percent for the week so far.

USA gold futures gained 0.2% to $1,292.70.

"What has changed this time is that the scary threats and war of words between the U.S. and North Korea have intensified to the point that markets can't ignore it", said Shane Oliver, head of investment strategy at AMP Capital in Sydney.

The Taiwan dollar on Thursday fell 0.3 percent, putting it on track for its worst day in more than three weeks.

The yen tends to benefit during times of geopolitical or financial stress as Japan is the world's biggest creditor nation and there is an assumption that Japanese investors there will repatriate funds in a crisis.

Mariners' lefty James Paxton leaves game with injury
The Angels (59-58) moved into a tie with Seattle (59-58) in the American League West Division, each trailing Houston by 13 games. The 27-year-old lost to Kansas City in his last outing, when he gave up five runs and eight hits - three homers - in five frames.

Brighton & Hove Albion v Manchester City
He has done so for three clubs, including for the Seagulls in the League Cup in 2008 - the last time the two sides met. The 35-year-old was the only United player to get into double figures in the league. "I think everybody is in Europe".

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After the incident, the army and police had launched search operations in the area to track down the militants. Two soldiers were killed and six security personnel were injured in two separate encounters in Kashmir.

The dollar was up 0.05 percent to 109.25 yen JPY=, after earlier falling to a sixteen-week low following data showing USA consumer prices rose less than expected in July. These mark a bucking against the 1.3% fall in Australia's benchmark index.

The dollar index (.DXY), which measures the US currency against a basket of other major currencies, fell 0.14 percent.

South Korea's KOSPI fell 1.8 percent to an 11-1/2-week low, but its losses for the week are a relatively modest 3.2 percent.

"Risk-off sentiment dominates Asian markets into the end of the week with President Donald Trump's words still sending shockwaves into the markets", said Jingyi Pan, market strategist at online trader IG. It soared over 2 percent in the previous two sessions, and is set for a weekly gain of 2.25 percent.

Sterling was last trading at $1.3009, up 0.27 percent on the day.

The 30-year bond last /32 in price to yield 2.7933 percent, from 2.794 percent late on Thursday.

"There are four more (inflation) prints between now and the December FOMC meeting and we expect the Fed to remain data-dependent, if a touch more cautious", said TD Securities in a research note.

Spot gold (XAU=) added 0.7 percent to $1,286.00 an ounce. They plunged 2 percent on Thursday on fears of slowing demand and lingering concerns over a global oversupply.

USA crude oil crude futures CLc1 were little changed at $48.59 per barrel.

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