Safe-Haven Currencies Rise as North Korea Tensions Brew

The now deployed radar of the USA missile defense system THAAD only monitors missiles originating from the north, and South Korea's Green Pine radar warning system are not sufficient for tracking submarine-launched attacks at sea, according to the report.

His propaganda is not subtle.

If carried out, it would be the North's most provocative missile launch to date.

USA gold futures GCcv1 for December delivery rose 0.3 percent to $1,294.10 per ounce. I think they're nearly numb to any kind of threat from North Korea.

World stocks fell for a third day on Thursday and investors moved again into the Swiss franc, yen and gold, prompted by the war of words between the United States and North Korea.

"China should also make clear that if North Korea launches missiles that threaten USA soil first and the US retaliates, China will stay neutral", the Global Times said in an editorial.

South Korea, which fought a war alongside the USA with the North that ended in a stalemate in 1953, is highly technologically advanced and analysts estimate it could develop an atomic device within months of deciding to do so.

The island has been the focus of North Korean threats in the past, as the home base for nuclear-equipped bombers that have the capacity to strike the reclusive nation.

"China opposes both nuclear proliferation and war in the Korean Peninsula".

"It would be very hard to eliminate that threat before the artillery fire could create a lot of damage on the southern side", David Shear, who served as the senior US defence official for east Asia under former president Barack Obama, told Reuters.

A former USA military officer who served multiple tours in South Korea and Japan said that to succeed completely, it would take at least a month, given how well protected and dispersed North Korean targets were. The air base was built in 1944, when the US was preparing to send bombers to Japan during World War II. "The U.S. came here because I think they wanted the land and they helped us out with the Japanese, because I think they wanted the land".

But, she concedes, "It definitely makes us a target". Tests of North Korea's own missile suggest that now, the island is within the range of Pyongyang.

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