London — The price of gold rose on Tuesday due to a weaker dollar and as financial markets wait to hear what US President Donald Trump has to say about his policies on tax reforms and government spending when he delivers a key speech to Congress this evening. Gold is often seen as an alternative investment during times of geopolitical and financial uncertainty along with other "safe-haven" assets such as the Japanese yen and US Treasuries. Spot gold was up 0.4% ao $1,257.19 an ounce by 3.35pm GMT, near the previous session’s three-and-a-half-month high of $1,263.80. US gold futures were steady at $1,258.70. The dollar index, in which gold is priced, was down 0.3% further boosting the precious metal. Investors are shifting their attention to Trump’s policy speech to a joint session of Congress on Tuesday night, when he is expected to provide clues on his tax-cutting plans. "There is elevated uncertainty ahead of the (Trump) speech. It’s clear that there is a lot of doubt expressed ab...
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