Gold marks best quarter in a year despite uncertainties

New York/London

GOLD notched a quarterly gain of about 8.4 per cent on Friday, marking its best quarter in a year, as uncertainty over US President Donald Trump's tax and investment plans and elections in Europe fuelled demand for bullion as a safe haven.

Gold rebounded from early losses as the US dollar turned flat after a Federal Reserve official's seemingly dovish remarks and uninspiring data on the US economy tamped down the sanguine mood from earlier this week.

Spot gold was up 0.4 per cent at US$1,247.4 an ounce at 3.48pm EDT (1948 GMT). US gold futures ended the session 0.2 per cent…