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Gold touches three-week peak as investors ditch equities on Trump worries

Reuters  |  LONDON 

By Zandi ShabalalaLONDON (Reuters) - Gold strengthened on Wednesday, with the price touching its highest in three weeks as the dollar languished near six-week lows and bond yields sank on uncertainty over the economic policies of U.S. President Donald Trump.Spot gold was up 0.27 percent at $1,247.90 an ounce by 1256 GMT, close to the session high of $1,248.47.A lack of concrete policy from the Trump administration is increasing gold's attraction as a safe-haven investment, analysts and traders said."It seems that equity investors decided to take some money off the table, perhaps getting ...

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First Published: Wed, March 22 2017. 18:50 IST