Bengaluru — Gold prices rose on Monday to the highest in two months as investors sought safer assets amid uncertainty around the economic policies of new US President Donald Trump and as the dollar declined against other major currencies. Spot gold rose 0.7%, to $1,217.81/oz by 3.03am GMT. It earlier touched a high of $1,219.43, the most since November 22. US gold futures were up 1.1%, to $1,218.20. The dollar index, which measures the greenback against a basket of currencies, fell for a second day by 0.4% to 100.310. Donald Trump, who took power as the 45th president of the US on Friday, pledged to end the "American carnage" of social and economic woes in an inaugural address that was a populist and nationalist rallying cry, prompting investor concern about protectionist trade policies. With the lack of a clear policy direction from Trump, the market movement was a sign that risk aversion was back on the table, OCBC analyst Barnabas Gan said. Data from US Commodity Futures Trading ...
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