23.03.201723:31:00UTC+00Gold Stable as U.S Health Care Vote Eyed

Gold prices were steady amid a relatively stronger dollar as markets waited to see if U.S. President Donald Trump will face more challenges on his economic agenda after lawmakers postponed a vote on the healthcare bill.

Spot gold edged down 0.1 percent at $1,243.60 an ounce. It notched its strongest since Feb 28 at $1,253.12. U.S. gold futures settled 0.3 percent lower at $1,243.80.

Trump will get another chance to try to reach the deal with Republican lawmakers on dismantling Obamacare in a high-stakes vote on a new healthcare bill rescheduled today. The bumpy ride for the healthcare bill might affect Trump's attempts to reduce taxes and raise infrastructure, with the possibility to drive more investors to the precious metal as a safe haven once stock markets decline, according to analysts and traders.

Workers downed tools in a wildcat strike at Mining company Harmony Gold's Kusasalethu mine west of Johannesburg, the company said. In other metals, palladium rose to a high of $808.70 in the previous session, its highest since March 2015.

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