Bengaluru Gold rose to a five-month peak on Thursday amid rising tensions over U.S. relations with Russia and North Korea, with prices also buoyed as the U.S. dollar slid after President Donald Trump reportedly said the currency was too strong.
Spot gold had slipped 0.1 percent to $1,285.26 per ounce by 0327 GMT, after hitting its strongest since Nov.
10 at 1,287.98. U.S. gold futures climbed 0.7 percent to $1,287.50. The U.S. dollar took a heavy hit after Trump told the Wall Street Journal the dollar "is getting too strong" and that he would prefer the Federal Reserve to keep interest rates low.
"We see a lot of safe-haven buying coming back to the market. People are worried about currency and with conflicts around the globe, a lot of funds are coming to gold at this point of time," said Brian Lan managing director at gold dealer GoldSilver Central in Singapore.
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