London — Gold prices held near four-month highs on Wednesday even as a stronger dollar made bullion more expensive for holders of other currencies.The price of gold has risen by about 8% since mid-December, helped by a weakening of the dollar to a three-year low against a basket of major currencies. But the euro gave up its three-year high against the dollar on Wednesday after comments by European Central Bank (ECB) officials suggested they may be concerned by the strength of the European single currency."The euro is down a bit against the dollar today, which has led to gold coming off its highs," said Mitsubishi analyst Jonathan Butler.Spot gold was down 0.1% at $1,337.22 an ounce at 11.31am GMT, close to Monday’s peak of $1,344.44, its highest since September 8. US gold futures were flat at $1,337.30.Butler said gold is likely to remain within a range of $1,300 to $1,340 in the short term as the dollar remained weak. However, the risk that global share prices could fall from recor...
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