London — Gold prices extended gains for a fourth day on Tuesday as political troubles in the US dented the dollar, while a more upbeat scenario in Europe lifted the euro. "The dollar is weak today, which has helped precious metals across the board," said Carsten Menke, analyst at Julius Baer in Zurich, adding the move in the greenback was a combination of events in the US and Europe. Spot gold was up 0.4% at $1,234.63 an ounce at 10am GMT. On Monday, it hit $1,237.26, its highest since May 4. US gold futures gained 0.4% to $1,234.40 an ounce. The dollar index slipped to the weakest in more than six months after two US officials said President Donald Trump disclosed highly classified information to Russia’s foreign minister about a planned Islamic State operation. Investors regard Trump’s difficulties as another obstacle to planned US tax cuts and infrastructure spending which boosted the dollar in the months following his November election. At the same time, markets were cheered by ...
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