London — Gold prices were little changed on Tuesday as the dollar steadied near 6-½ month lows and traders locked in profits after two weeks of gains, shrugging off heightened political risk following a deadly suicide attack in Britain. The blast, which killed at least 22 people, weighed on the British pound versus the dollar, but the US currency was flat against a currency basket after recent sharp falls, leaving little to prompt investors to bet bullion higher. "Gold is taking a breather once again; it’s struggling to make it out of this $1,245-$1,265 range," said Ole Hansen, head of commodities strategy at Saxo Bank. "Unless we get other developing (political risk) stories, the market is not prepared to break this range until further guidance from the Federal Open Market Committee." Spot gold edged up 0.2% to $1,262.10 an ounce by 12:11 GMT, having gained about 3.6% since May 9, while U.S. gold futures were up 0.1% at $1,262. The safe-haven metal, also seen as an alternative curr...
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