Bengaluru — Gold inched down on Monday on a stronger dollar, moving away from a five-month high hit in the previous session, although geopolitical tension continued to buoy safe-haven demand for the precious metal. Top aides to US President Donald Trump differed on Sunday on where US policy on Syria was headed after last week’s attack on a Syrian air base, while US Secretary of State Rex Tillerson warned the strikes were a warning to other nations, including North Korea. Spot gold was down 0.1% at $1,252.20/oz by 3.19am GMT, while US gold futures had dropped 0.2% to $1,254.30/oz. Spot gold hit its highest since November 10 at $1,270.46 on Friday and crossed the 200-day moving average. But, it failed to close above that key resistance level. The dollar index on Monday rose as much as 0.15% to over three-week highs at 101.340. "Somehow gold is keeping its $1,200/oz-$1,250/oz range intact even thought it keeps rising and falling," said Mark To, head of research at Hong Kong’s Wing Fung...
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