Gold is higher in Asia-Pac trade, the yellow...>

GOLD: Gold is higher in Asia-Pac trade, the yellow metal last up $7.92 at

$1,333.15 after jumping higher at the open after North Korea conducted a

hydrogen bomb test over the weekend. Gold has now hit the highest levels since

late September 2016.

- The US has said that they are considering a range of responses to North Korea,

including military, they are also considering deeper sanctions that also would

hit North Korea's main trading partner China.

- MNI technical analysis sees support at $1328.8 - High Sept 4, resistance is

seen at $1336.6 - Hourly resistance Sept 3. A gapping move higher to start the

new week has resulted in fresh 2017 and 12mth highs with immediate bullish focus

now on $1343.6-1375.2 where 2016 highs are located. The Bollinger top ($1329.9)

is the key concern for bulls. Bears now need a close below $1328.8 to gain

breathing room and below $1313.7 to shift initial focus back to $1291.7-1295.5

where the 21-DMA is noted.