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Gold prices inch up amid Brexit uncertainty, steady dollar

Reuters  |  BENGALURU 

By Karen RodriguesBENGALURU (Reuters) - Gold prices edged up on Tuesday, after hitting a two-week high in the previous session, amid political uncertainty over Brexit and as the U.S. dollar held steady.Spot gold was up 0.2 percent at $1,259.30 an ounce, as of 0357 GMT. In the previous session, the metal touched its highest since June 26 at $1,265.87.U.S. gold futures for August delivery were nearly unchanged at $1,259.90 an ounce."A stronger yuan and slight weakness in the USD has provided support for gold," said National Australia Bank economist John Sharma."Also, geopolitical issues such as ...

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First Published: Tue, July 10 2018. 10:46 IST
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