London — Gold climbed to a three-week high on Wednesday as the dollar fell to near six-week lows and bond yields sank on uncertainty over the economic policies of US President Donald Trump. Spot gold was up 0.3% at $1,248.68 an ounce by 2.53pm GMT, close to the session high of $1,250.51. A lack of concrete policy from the Trump administration is increasing gold’s attraction as a safe-haven investment, analysts and traders said. "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. US gold futures rose 0.2% to $1,249.20. The dollar index, which measures the greenback against a basket of currencies, was down 0.2% at a six-week low of 99.609, its weakest since February 3. Gold was also supported by a further drop in US Treasury yields, with the 10-year benchmark yield dipping below 2.4% for the first time since March 1. Gold has rallied n...
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