Bengaluru — Gold was steady on Tuesday, after falling from a three-and-a-half-month high in the previous session, as investors awaited a speech by US President Donald Trump later in the day for more clarity on his economic policy. Spot gold was little changed at $1,252.90/oz at 2.41am GMT. The metal hit its highest since November 11 at $1,263.80 in the previous session on Monday. US gold futures fell 0.4% to $1,253.80. 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. "We will have to see what happens later tonight and through Wednesday post [Trump’s] address, but we suspect that any ‘Trumpflation’ type of reaction will be relatively short-lived," said INTL FCStone analyst Edward Meir. "Many of the proposals need to be translated into actual legislation and also need congressional approval ... it is unclear whether there exists enough support, even in the Republican Par...
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