Safe-haven gold edges up as Biden move sparks market uncertainty

GOLD prices drifted higher on Monday as the dollar eased following U.S. President Joe Biden's decision to withdraw from the 2024 presidential race, with investors turning to bullion as a hedge against an uncertain political and market outlook.

Spot gold rose 0.1% to $2,402.61 per ounce, as of 0758 GMT, while U.S. gold futures gained 0.2% to $2,403.30.

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