Reuters – Gold prices remained little changed on Wednesday, with North Korea's latest missile test having little impact on the safe-haven metal.
“Gold prices haven't seen any surge and the knee-jerk reaction to the initial news was very limited," said Naeem Aslam, London-based chief market analyst at Think Markets.
“The reason behind this was mainly that we have not seen any strong reaction from the US despite North Korea's regime saying that they have completed their nuclear program."
Spot gold was up 0.07% at $1,293.87 an ounce as at 1122 GMT.
Meanwhile, the dollar index was virtually unchanged, despite some weakness against the euro and sterling.
“Gold has not rallied at all after North Korea's latest missile test ... It further reinforces that the risk-off safe-haven premiums associated with gold are gone for now," said Jeffrey Halley, senior market analyst with OANDA.
“This leaves it entirely at the mercy of US yields and the dollar index."