As per US spokesperson

No Korea launched another missile and it is thought to have been an intercontinental ballistic missile (ICBM).

As a result, the US UN Ambassador, Nikki Haley, as requested an emergency UN security council meeting. The meeting will likely take place tomorrow.

All of this is happening as China's Xi cools a bit on the US and the meeting between US President Trump and Russia's Putin is to take place on Friday. Earlier today, Moscow said that they and China feel the US THAAD (Terminal High Altitude Area Defense) missile shield is harmful for regional security and call for the immediately halt deployment of THAAD, President Turmp is counting on China to deescalate global tensions with the No Koreans.

Gold is up about $3.30 in trading today to 1223.50. The high reached 1226.60. The low reached 1218.43.