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Gold holds steady in face of robust dollar due to Italy crisis

Reuters  |  LONDON 

By Zandi ShabalalaLONDON (Reuters) - Gold prices were steady on Wednesday as concerns about political turmoil in Italy and over a trade conflict between China and the United States outweighed strength in the dollar.Italy kept the dollar at 10-month highs versus the euro amid concerns that repeat elections may become a de-facto referendum on Italian membership of the currency bloc.The turbulence underpinned gold due to its appeal as a store of value during political and financial uncertainty.The dollar index, which measures the greenback against a basket of six major currencies, hovered near ...

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First Published: Wed, May 30 2018. 23:32 IST