London — Gold rose on Tuesday after North Korea signaled it is open to nuclear talks, pressuring the dollar, while uncertainty over US trade policy boosted interest in the precious metal as a safe store of value. The dollar fell 0.5% against a currency basket on Tuesday after South Korea said the North is willing to hold talks with the US on de-nuclearisation and will suspend nuclear tests while talks are underway. This undercut interest in the currency as a haven from risk. Spot gold rose 0.9% to $1,332.29 an ounce by 3pm GMT, while US gold futures for April delivery gained 1.1% to $1,333.70. "As a result of the weaker dollar, gold — together with oil and industrial metals — has benefited from the North Korean news," said Saxo Bank’s Ole Hansen. "This [is] despite the potential for lowering the geopolitical risk should we move towards a de-nuclearised Korean peninsular. Spot gold is challenging a band of resistance between $1,327 and $1,332, with a break above signaling an extensio...
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