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Gold holds gains as U.S. political worries hit dollar

Reuters 

REUTERS - Gold prices held steady on Thursday after jumping about 2 percent the session before, buoyed by political uncertainty in the United States and tempered expectations for an aggressive string of U.S. interest rate hikes.FUNDAMENTALS* Spot gold was flat at $1,259.99 per ounce by 0055 GMT, after earlier touching its strongest since May 1 at $1,263.02. It rose about 2 percent on Wednesday in its biggest one-day percentage gain since June last year. * U.S. gold futures were up 0.1 percent at $1,260 an ounce.* The dollar stood near six-month lows against a basket of major currencies on ...

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First Published: Thu, May 18 2017. 09:36 IST
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