Gold rises as dollar wilts after report that Trump’s campaign was subpoenaed
Bengaluru — Gold prices rose on Friday as the dollar weakened after a report that investigators looking into possible Russian interference in the 2016 US presidential election had subpoenaed President Donald Trump’s election campaign for documents. Special counsel Robert Mueller’s team issued the subpoena last month for documents containing specified Russian keywords from more than a dozen officials, the Wall Street Journal reported. Spot gold had climbed by 0.3% to $1,282.72/oz by 4.29am GMT. It is up about 0.5% for the week, in what could be its second consecutive weekly gain. US gold futures for December delivery rose 0.4% to $1,282.70. "The fall in the dollar and strengthening in Asian currencies have made gold attractive for Asian investors," said John Sharma, an economist with National Australia Bank. However, uncertainty surrounding a US tax reform bill and a likely interest rate hike by the Federal Reserve next month are sending mixed signals to the market, keeping gold rang...
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