Bengaluru — Gold prices inched up on Wednesday from a one-week low with the dollar holding steady, but speculation that President Donald Trump might pick a policy hawk to lead the US Federal Reserve weighed on the metal. Spot gold was up 0.1% at $1,286.11/oz at 3.50am GMT. It hit a one-week low of $1,281.31 in the previous session. US gold futures for December delivery rose 0.2% at $1,288.20/oz. "This morning is about President Xi talking and headlines coming out of that … we’re seeing a bit of pullback [in the dollar] that’s helping gold this morning in Asia," a Hong Kong-based trader said. Asian shares consolidated recent gains and currencies kept to tight ranges on Wednesday as investors waited to see what policies might emerge from China’s Communist Party conference. "I would expect gold to stay gently bid in Asia in case of some surprise headlines," Jeffrey Halley, a senior market analyst with Oanda, said. The dollar was steady against a basket of currencies with investors weig...
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