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Gold prices dip on profit-taking amid U.S. political tension


By Vijaykumar VedalaREUTERS - Gold prices weakened after touching a more than two-week high on Thursday, weighed down by profit-taking amid political turmoil in the United States. The yellow metal rose about 2 percent on Wednesday in its biggest one-day percentage gain since June last year, as pressure on U.S. President Donald Trump deepened following reports that he tried to interfere with a federal investigation.That came after a turbulent week when Trump fired FBI Director James Comey and discussed sensitive national security information with Russia's foreign minister, causing investors to ...

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First Published: Thu, May 18 2017. 14:09 IST