• Gold held near month highs on Thursday as political risks from elections in Europe and worries over U.S. President Donald Trump's policies buoyed safe haven demand for the bullion.3-
• Spot gold dipped percent to per ounce at GMT. On Wednesday, the metal touched its highest since Nov. at0.1$1,240.46024311$1,244.67.
• "Gold prices will be a little bit rangebound with some upside bias for the next few weeks or so," said OCBC analyst Barnabas Gan."
• "The risk factors have not really changed so far - we're talking about Donald Trump, we're talking about the political situation in Europe and because of all these factors, we do expect market watchers to stay cautious into the months ahead to gauge how the global economy is going to perform."
• Spot gold may edge up to per ounce, as it has cleared a resistance at , according to Reuters technical analyst Wang Tao.$1,249$1,237
• "Geo-political risks continue to underpin gold in the face of the prospect of higher U.S. interest rates this year," said Jeffrey Halley, senior market analyst at OANDA.
• "Increasing hostilities in the Ukraine, Greek bailouts, French elections, Iran-U.S. sabre-rattling have all combined to see investors flee to safe havens, of which gold is the main beneficiary."
• Spot silver fell percent to $an ounce after hitting its best since Nov. at $in the previous session.0.4 17.71 11 17.86
• Uncertainty over U.S. President Donald Trump's policies has driven up gold prices, but the effect may be limited to the short-term only, the head of Australia's biggest gold miner Newcrest Mining Ltd said on Thursday.
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