Bengaluru — Gold prices rose to a two-week high on Tuesday as the dollar dipped to multi-month lows amid fading prospects of further rate increases by the US Federal Reserve in 2017 and doubts whether President Donald Trump would be able to push through healthcare reforms. Asian shares stepped back from more than two-year highs on Tuesday, while the dollar extended losses as passage of a US healthcare bill grew doubtful and investors bet the Fed would be more cautious about raising interest rates. "With the street repricing its US interest rate outlook following soft data and a dovish [Fed chairwoman Janet] Yellen, and with President Donald Trump’s reflationary reforms seemingly lost in the legislative Bermuda Triangle of Congress, a weaker US dollar should continue to support gold," said Jeffrey Halley, a senior market analyst at Oanda. Republican senators Jerry Moran and Mike Lee announced their opposition on Monday to a revised Republican healthcare bill, delivering a serious blo...
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