MTECHTIPS:-Gold prices inch up as Trump travel ban sparks uncertainty

MTECHTIPS:-Gold prices inch up as Trump travel ban sparks uncertainty

MTECHTIPS-Gold prices were higher in North American morning trade on Monday, kicking the week off with gains amid uncertainty over the outlook for U.S policy after President Donald Trump introduced immigration curbs that sparked criticism at home and abroad. Gold for April delivery on the Comex division of the New York Mercantile Exchange rose $4.25, or around 0.4%, to $1,195.35 a troy ounce by 9:00 AM ET (14:00 GMT). Appetite for safe-haven assets improved after Trump suspended travel to the United States from Syria, Iraq, Iran and four other Muslim-majority countries on Friday, saying the moves would help protect Americans from terrorist attacks. The executive order led to huge protests in many U.S. cities and sparked global backlash, raising worries about the potentially destabilizing impact of Trump’s policies. Headlines from Washington will most likely continue to dictate market sentiment this week, as traders focus on Trump for further details on his promises of tax reform, infrastructure spending and deregulation as well as trade policies. Global financial markets will be busy with central bank meetings in the week ahead, with policy decisions due in the U.S., U.K. and Japan. Investors will also keep an eye out on key economic data, with the monthly U.S. employment report in the spotlight

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