Bengaluru — Gold prices held firm on Monday near three-and-a-half-month highs hit in the previous session, with investors waiting for greater clarity on President Donald Trump’s economic policy. Spot gold was little changed at $1,256/oz at 3.40am GMT. The metal hit its highest since November 11 at $1,260.10 in the previous session. US gold futures were also steady at $1,257.30. "The biggest driver of gold has been the relatively weak US dollar. People think that ... Trump doesn’t want a strong dollar and the market thinks that perhaps there would not be a rate hike in the first half of the year," said Jiang Shu, chief analyst at Shandong Gold Group. Investors are looking towards Trump’s policy speech to a joint session of Congress on Tuesday night where he is expected to provide clues on his plans to cut taxes. "The momentum has its own driving force," said Shu. "Since the beginning of the year, the gold price has always been on the rise. This will draw more and more momentum trader...
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