Bengaluru — Gold held steady on Friday near a three-week high and was on track for a second consecutive weekly gain, underpinned by a weaker dollar and US political uncertainty. Heightened political concern surrounding investigations into President Donald Trump’s campaign ties with Russia was the key driver supporting gold prices, said Stephen Innes, head of trading for Asia Pacific at Oanda in Singapore. The euro also held near two-year highs against the dollar on Friday after the head of the European Central Bank (ECB) said tapering of its stimulus would be on the table this northern autumn. A weaker dollar makes US dollar denominated gold more attractive for buyers using other currencies. Spot gold rose 0.1% to $1,245.01/oz at 4.01am GMT after touching a three-week high of $1,247.48/oz in the previous session. It is up about 1.4% for the week so far. US gold futures for August delivery fell 0.1% to $1,244.70/oz. "What we’re seeing right now is the overhang from political risks in...
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