Bengaluru — Gold prices inched higher on Monday after falling to a five-and-a-half-month low in the previous session, as a trade dispute between the world’s two largest economies triggered safe-haven buying, but a strong dollar put a cap on the upside. Spot gold edged up 0.1% to $1,279.70/oz by 2.55am GMT. The metal touched its weakest since late December at $1,275.01/oz on Friday. US gold futures for August delivery were up 0.3% at $1,282.10/oz. "The US dollar strength is weighing on investor sentiment at the moment rather than any concerns about weaker economic growth due to the trade tensions," said ANZ analyst Daniel Hynes. The dollar index, which measures the greenback against a basket of six major currencies, edged up 0.1% to 94.889, hovering close to a seven-month high touched in the previous session. US President Donald Trump on Friday said he was pushing ahead with hefty tariffs on $50bn of Chinese imports, and the smoldering trade war between the world’s two largest econom...
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