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Gold Bides Time as Traders Await Clarity on Brexit


Wednesday, 23 October 2019 08:53 WIB

GOLDEMAS


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Gold prices were steady on Wednesday, as investors waited for clarity on Brexit confusion after UK lawmakers voted for Prime Minister Boris Johnson's divorce plan but opposed his tight timetable to complete the legislative process in three days.

Spot gold was unchanged at $1,488.50 per ounce, as of 01:25 GMT. U.S. gold futures rose 0.3% to $1,491.30 per ounce.

EU leaders should delay Brexit after Prime Minister Boris Johnson paused legislation on his deal following a parliamentary defeat, EU Council President Donald Tusk said on Tuesday, as Britain spins towards a possible election to break the impasse.

Source : Reuters


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