Bengaluru — Gold prices edged lower on Friday against a backdrop of a rising dollar as markets waited to see whether US President Donald Trump succeeds in pushing through healthcare reforms, viewed as a potential bellwether for his ability to impose his economic and political agenda. A rough ride for the healthcare plan could affect Trump’s efforts to cut taxes and boost infrastructure, with the potential to drive more investors to gold as a safe haven if stock markets fell, analysts and traders said. Spot gold was down 0.2% at $1,243.23/oz by 3.02am GMT. On Thursday, it touched its strongest since February 28 at $1,253.12. The metal was on track for its second consecutive week of gains. US gold futures were down 0.3% at $1,243.20. "The yellow metal continues to see solid interest underneath $1,245, however, should prices fail again at $1,250 we may see this support level broken to test $1,230 — $1,235," MKS Pamp Group trader Sam Laughlin said. The dollar recouped a little lost grou...
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