Bengaluru — Gold prices firmed on Wednesday as the dollar struggled and shares weakened after a vote on US healthcare reforms was postponed and European Central Bank (ECB) president Mario Draghi hinted the ECB could trim its stimulus in 2017. Asian shares slumped on Wednesday after Wall Street was knocked hard as US Senate Republican leaders delayed a vote on a healthcare overhaul on Tuesday until July, adding to investor concern about President Donald Trump’s ability to deliver on his promises of tax reform and deregulation. The dollar index, which weighs the greenback against a basket of six currencies, slipped to 96.322 on Wednesday, its lowest since November. Spot gold rose 0.4% to $1,251.91/oz by 4.08am GMT. US gold futures for August delivery was up 0.5% to $1,252.50/oz. "Gold prices recovered from most of the sudden plunge in prices earlier this week, with huge volumes being bought on the open in Europe," ANZ said in a note. "These gyrations point to erroneous trades, with li...
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