FLASH GAGE – North Korea Missile Launch Announcement Sparks Gold

CNBC is reporting that North Korea fired a missile that may have landed in Japan’s exclusive economic zone, per Japanese Prime Minister Shinzo Abe.

North Korea fired a projectile that appeared to be a missile shortly before midnight Japan time on Friday according to Japan’s public broadcaster NHK, citing government officials. Reuters is reporting that Abe is convening an emergency meeting of officials.

The Pentagon says it has detected what it assesses was a ballistic missile launch from North Korea. Japan’s chief cabinet secretary Yoshihide Suga is expected to brief media shortly.

Gold rallies off the news. Dollar index at its day’s low trading at 93.29 fueling the rally.

Enjoy the rest of your day.

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