LONDON: Gold climbed to a three-week high on Wednesday as the dollar fell to near six-week lows and bond yields sank on uncertainty over the economic policies of US President Donald Trump.

Spot gold was up 0.3 per cent at $1,248.68 an ounce by 1453 GMT, close to the session high of $1,250.51. A lack of concrete policy from the Trump administration is increasing gold’s attraction as a safe-haven investment, analysts and traders said. Spot silver slipped 0.2pc to $17.52 an ounce, having hit a more than two-week high of $17.59 in the previous session.

Published in Dawn, March 23rd, 2017