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Wednesday April 24, 2024

Gold gains

By our correspondents
May 23, 2017

Bengaluru

Gold prices on Monday held gains from the previous session amid ongoing political worries surrounding U.S. President Donald Trump that are expected to keep weighing on the dollar.

Spot gold was almost flat at $1,255.30 per ounce by 0058 GMT.

It rose about 0.7 percent on Friday.

U.S. gold futures were up 0.2 percent at $1,255.50 an ounce.

The dollar struggled to push ahead on Monday, holding near six-month lows against a basket of currencies as investors assessed the impact of U.S. political turmoil and a resurgent euro.

Trump was hit on Friday by embarrassing leaks that a senior adviser was a "person of interest" in a probe of possible collusion with Russia during last year´s election campaign and that Trump had boasted to Russian officials of firing the man heading the investigation.