Bengaluru — Gold prices on Wednesday held steady near a three-week high reached in the previous session as risk-averse investors sought safer investments amid a weak dollar and as equities dropped on the doubt about US President Donald Trump’s economic agenda. Spot gold was unchanged at $1,245.12/oz by 2.48am GMT. On Tuesday, it rose as much as 1.2% to its strongest since March 2 at $1,247.60. US gold futures were down 0.1% at $1,245.10. The dollar index, which measures the greenback against a basket of currencies, was at 99.858, near the six-week low of 99.642 reached on Tuesday. Asian stocks posted their biggest drop in two weeks on Wednesday as the growing doubt about Trump’s economic growth agenda prompted investors to dump risky assets. "It seems that equity investors decided to take some money off the table, perhaps getting slightly wary about the progress in President Trump’s legislative agenda," INTL FCStone analyst Edward Meir said. "Gold will likely continue to rally going...
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