London — Gold prices held steady near one-month highs on Tuesday, supported by political and economic uncertainty in the US and expectations of a lower dollar. Spot gold was little changed at $1,253.41 an ounce at 11.24am GMT, after touching its highest in a month at $1,261.03 on Monday. US gold futures inched down 0.2% to $1,253.30. Traders report more investor buying interest after US President Donald Trump failed to push through healthcare reform, fuelling concern about his ability to implement his economic policies. That worry resulted in the dollar hitting a four-and-a-half month low against a basket of currencies, on Monday. This makes dollar-denominated gold cheaper for holders of other currencies, potentially boosting demand. "The dollar has come under a lot of pressure and lifted gold," said Julius Baer analyst Carsten Menke. "Changing perceptions of the outlook for US interest rates will create volatility in gold." The US Federal Reserve raised rates earlier this month, bo...
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