Gold rises for a second day on a weaker dollar and renewed trade tensions
London — Gold prices rose for a second session on Thursday, lifted by a weaker dollar, worries about renewed trade tensions and volatile emerging markets. Spot gold was up 0.3% at $1,296.24 an ounce by 10am GMT, after gaining nearly 0.2% in the previous session. US gold futures for June delivery added 0.5% to $1,295.70 an ounce. Gold’s safe-haven appeal was burnished after the US launched a national security investigation into car and truck imports that could lead to new tariffs similar to those it imposed on steel and aluminium in March. "We have a whole host of potential sources of support for gold. Trade spats are recurring, and there’s a focus on troubled emerging markets," Ole Hansen, head of commodity strategy at Saxo Bank in Copenhagen, said. Turkey has been in the spotlight and its lira weakened more than 2% after a huge emergency interest-rate hike failed to stem its problems. "The relief rally in the Turkish lira yesterday seems to have only managed to pause the slide, but...
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