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Gold Gains on Brexit Jitters

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Gold Gains on Brexit Jitters

Gold Gains on Brexit Jitters*/

– LONDON—A weaker dollar and haven demand spurred by political uncertainty helped gold rise to a two-month high on Tuesday.Gold was up 1.1% at $1,217.66 a troy ounce in late morning trade, on course for its highest close since Nov. 16, ahead of a speech about from Prime Minister Theresa May at 11:45 GMT that is expected to flesh out her plan for bringing the U.K. out of the bloc.“There are a lot of political events which will…
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GOLD RUSH: Gold prices SOAR ahead of May’s Brexit speech as markets set for usual panic

GOLD RUSH: Gold prices SOAR ahead of May's Brexit speech as markets set for usual panic*/

– The precious metal is now sitting at $1,212, as prices continue to creep up from $1,165 at the start of the year.Experts said prices could rise towards $1,250 as Theresa May outlines plans to leave the European Union (EU) in a speech today.Gold is considered a safe home for money by investors, and prices typically rise during times of volatility and uncertainty – values reached record highs of $1,900 during the financial crisis.
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Gold prices rise as Brexit worries stoke safe-haven demand

Gold prices rise as Brexit worries stoke safe-haven demand*/

– Uncertainty over Brexit, Trump presidency worrying investorsGold prices rose on Tuesday to hover near seven-week highs hit the day before, with safe-haven demand boosted ahead of a speech in which British Prime Minister Theresa May is expected to discuss plans for a “hard Brexit”.Spot gold had risen 0.3 per cent to $1,205.93 per ounce by 0324 GMT.On Monday, it marked its highest in more than seven weeks at $1,207.86.
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