Bengaluru — Gold prices were mostly steady on Tuesday, pressured by a firmer dollar but supported by worry over geopolitical tension in the Middle East and on the Korean peninsula. Spot gold was little changed at $1,293.24/oz at 3.44am GMT, while US gold futures for December delivery were down 0.6% at $1,295.2/oz. "A lot of the price drivers that are clouding gold prices are really geopolitical tensions rather than fundamentals," said OCBC analyst Barnabas Gan. "But geopolitical tensions are a crucial and unquantifiable factor when it comes to affecting prices, so it [gold] is just all over the place now." Iraqi government forces captured the major Kurdish-held oil city of Kirkuk on Monday, responding to a Kurdish referendum on independence with a bold lightning strike that transforms the balance of power in the oil-producing country. Elsewhere, the US was not ruling out the eventual possibility of direct talks with North Korea, Deputy Secretary of State John J Sullivan said on Tues...
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