Bengaluru — Gold prices edged higher on Monday as the dollar softened ahead of key central bank policy meetings and the US-North Korea summit this week, and as a weekend G7 summit fanned trade war fears. Spot gold was up 0.1% at $1,299.30 an ounce at 3.39am GMT. US gold futures for August delivery were 0.1% higher at $1,303.40/oz. The dollar index, which measures the greenback against a basket of six major currencies, was down 0.1% at 93.495. "The market opened predictably quiet ahead of the abundance of risk events this week and wholly ignored President Trump going rogue at the G7," said Stephen Innes, Asia-Pacific trading head at Oanda. With geopolitical risk moderating, it would be the Fed and ECB that would guide gold’s near-term fate, he said. US President Donald Trump threw the G7’s efforts to show a united front into disarray after taking aim at Canadian Prime Minister Justin Trudeau, adding that he might double down on import tariffs by hitting the sensitive auto industry. T...
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