Gold hit a five-month high on Monday as the dollar weakened with investors taking refuge in safe-haven assets in the wake of rising geopolitical tensions over North Korea.
Spot gold was up 0.5 percent at $1,291 per ounce as of 0239 GMT, after hitting its highest since early November at $1,295.42. Last week, the metal rose 2.5 percent in its biggest weekly gain since June last year. U.S. gold futures were up 0.4 percent at $1,293.30 on Monday.
North Korea on Sunday made what was believed to be a failed missile test launch, increasing geopolitical risks. Regional tensions have risen over the past weeks as U.S. President Donald Trump has taken a tough rhetorical line with Pyongyang.
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