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Gold Prices Inch Down Despite Brexit Worries


Monday, 21 October 2019 12:31 WIB

GOLDEMAS


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Gold prices inched down on Monday in Asia as traders awaited more clarity on the Brexit development.

British lawmakers voted on the weekend to delay a decision on Prime Minister Boris Johnson's Brexit deal, forcing him to request a third postponement of Britain's departure from the EU.

Despite the delay, markets remained confident that a no-deal exit from the EU would be avoided.

Goldman Sachs said on Sunday that it lowered the probability of a no-deal Brexit to 5% from 10%, while analysts from RBC Capital Markets said the delay have further reduced the risk of disorderly exit. Gold Futures for December delivery slipped 0.1% to $1,493.15 per ounce by 12:50 AM ET (04:50 GMT).

Source : Investing.com


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