Bengaluru — Gold prices edged higher on Thursday, after marking a near three-week high in the previous session, as the dollar eased while palladium remained close to a more than 16-year peak touched on Wednesday. Spot gold rose 0.2% at $1,283.81/oz at 5.23am GMT. On Wednesday, it rose 0.4% and touched its highest since October 20 at $1,287.13/oz. US gold futures for December delivery gained 0.1% at $1,284.90. "Gold has been probably tracking the currency [dollar] because some of the other drivers which had pushed it to its recent highs have subsided, in particular the geopolitical risks and safe haven buying," said ANZ analyst Daniel Hynes. "I think they’ll continue to trade around those currency moves." The US dollar versus a basket of currencies edged 0.1% lower, while its near-term outlook was seen clouded by worry over possible delays to US President Donald Trump’s tax reform plans. "Although the dollar’s travails have brought a smile to long-suffering bullish gold traders, it i...
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