London — Gold was on track for a second weekly gain on Friday as concern about the ability of US President Donald Trump to push legislation through Congress held the dollar near seven-week lows, making bullion cheaper for holders of other currencies. Spot gold was flat at $1,244.63 an ounce at 13.09 GMT. The metal has risen 1.4% this week and on Thursday touched $1,253.12, its highest since Feb. 28. US gold futures were down 0.2% at $1,244.80 an ounce. Gold, seen as a safe haven asset, has benefited from falls in the dollar, US bond yields and stocks this week as Trump’s difficulty in passing healthcare reform has undermined faith that he can deliver on promises of tax cuts and investment. Trump has set up a showdown with lawmakers by demanding support for the healthcare bill in a do-or-die vote on Friday. "This is a key event not just for gold but for all risk assets," said Robin Bhar at Societe Generale. "We should see some safe haven flows into gold if he can’t get it passed beca...
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