Bengaluru — Gold prices held firm on Thursday after falling as much as 1% the previous day, with tension surrounding North Korea and the upcoming French presidential election driving safe-haven demand amid a firmer dollar. Spot gold was mostly unchanged at $1,278.64/oz at 3.46am GMT. The metal fell 0.8% on Wednesday in its worst one-day drop in more than a month. "Sentiment overall is that everybody is looking for $1,300 at least by the end of the week. Sentiment around geopolitical issues is really playing on people’s minds," said Spencer Campbell, general manager with Kaloti Precious Metals in Singapore. "We are seeing a lot more physical purchasing, with shops seeing a 100% increase in buying from the retail sector," said Campbell. "This clearly shows the pull back is an opportunity [to buy gold before it climbs above $1,300]." Analysts and traders said gold would be supported by simmering geopolitical tension around North Korea and nervousness ahead of the first round of France’...
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