Reuters/Maytaal Angel/05-23-17
Gold was little changed on Tuesday as the dollar steadied near 6-1/2 month lows and traders locked in profits following two weeks of gains, shrugging off heightened political risk following a deadly suicide attack in Britain.
The blast, which killed at least 22 people, weighed on sterling versus the dollar, but the U.S. currency was flat versus a currency basket following recent sharp falls, leaving little to prompt investors to bet bullion higher.
“Gold is taking a breather once again, its struggling to make it out of this $1,245-$1,265 range,” said Ole Hansen, head of commodity strategy at Saxo Bank.
