Bengaluru — Gold edged up to touch a one-month high on Tuesday, with investors turning to the safe-haven asset as geopolitical tension sapped their appetite for risk. Spot gold had risen 0.1% to $1,267.70/oz by 3.49am GMT. It earlier touched its strongest since May 1 at $1,270.47. US gold futures were almost unchanged at $1,267.70/oz. Risk surrounding the closeness of Britain’s upcoming elections, the prospect of early elections in Italy and worries over Greek debt were supporting gold, said Jeffrey Halley, a senior market analyst at Oanda. "The picture will get more muddy as the week goes on as we have a lot of data from around the world coming in," he said. British Prime Minister Theresa May’s lead over the opposition Labour Party dropped to six percentage points in a poll published on Tuesday, with the election due next week. In Italy, former prime minister Matteo Renzi suggested on Sunday that the country’s next election be held at the same time as Germany’s amid the mounting sp...
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