• Spot gold hits on Monday, its highest since Nov. Spot gold may test resistance at oz - technicals$1,235.7311 * $1,249/
• Gold on Tuesday held slightly below a near three-month high hit in the previous session and the yellow metal was supported by safe-haven demand on the back of rising global political uncertainty. Spot gold <XAU=> was mostly unchanged at per ounce at GMT. In the previous session, the metal touched , its highest since Nov.$1,234.300610$1,235.7311.
• "Gold traded quietly during the Asian trade today, edging marginally lower on light profit-taking, but was able to consolidate above and withstand a recovering U.S. dollar during afternoon hours," MKS PAMP Group trader Sam Laughlin said in a note.$1,230
• Political uncertainty in the United States has been fuelled by President Donald Trump's policies, the most controversial of which is a temporary ban on entry by people from seven mostly Muslim countries.
• "The prospects of interest rate hikes in the U.S. is more likely than most people expect and there could be one in March," said Mark To, head of research at Hong Kong'sWing Fung Financial Group. "This should drive caution for the gold bulls since with prices rising to the range recently, maybe more people are looking forward to the range, and there could be some kind of reversal or correction any time soon," he added.$1,230$1,250
• Spot gold may continue to rise towards a resistance at per ounce, as indicated by a Fibonacci retracement analysis, according to Reuters technical analyst Wang Tao.$1,249
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