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Gold React to Latest North Korea Missile Test (2017)

May 19, 2023
in Trade Tube
Reading Time: 1 min read
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South Korea reports that North Korea could be moving an ICBM to the country’s west coast. Gold futures are near a 1 year high and global stocks are rattled as North Korea tested it’s largest ever nuclear missile. Hurricane Irma is still days away from approaching the United States but cruise lines are changing travel plans to make sure passengers remain safe. The cruise lines have already adjusted trips from Miami, Ft. Lauderdale, Port Canaveral and Baltimore. The cruise lines say they will keep an eye on the storm and make further changes if needed. Jet-engine maker United Technologies ( UTX ) has agreed to buy aircraft parts maker Rockwell Collins ( COL ) for $30 billion. The offer is an 18% premium to Rockwell Collins closing stock price Friday. Together the two will become an aerospace giant called Collins Aerospace Systems. It’s the largest aerospace deal in history.

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