London — Gold steadied on Thursday near the one-week high hit the previous session, supported by the tension between Britain and Russia, while a modest bounce in the dollar capped gains. The dollar index consolidated gains against a currency basket before next week’s US Federal Reserve meeting, while the yield on US treasuries and German bunds rose for the first time in four days. Spot gold dipped 0.2% to $1,322.50 an ounce at 11.24am GMT, but still close to Wednesday’s one-week high, while US gold futures for April delivery were down 0.2% at $1,322.60 an ounce. Moscow said it would retaliate soon for London’s move to expel 23 Russian diplomats over a nerve toxin attack on a Russian former double-agent in Britain. "Gold is finding support from the escalating political crisis between the UK and Russia," Commerzbank said in a note, but added it could face headwinds after the US president’s new economic adviser had "spoken out in favour of a strong dollar". US TV commentator and conser...
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