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Gold Advances Amid Brexit Turmoil, Drop in Yield

Wednesday, 23 October 2019 15:59 WIB

GOLDEMASSILVER

Gold gains as risk appetite waned amid continuing Brexit turmoil, while Treasury yields slipped.

Prime Minister Boris Johnson looked set to try for an election, after his defining mission to take the U.K. out of the European Union was derailed as members of Parliament dramatically blocked his plan to rush the Brexit deal into law. European Council President Donald Tusk responded by saying he'd recommend the EU accept the U.K.'s request for an extension.

Spot gold +0.2% to $1,490.13/oz at 7:37am in London; +0.2% Tuesday. Spot silver +0.1% to $17.5444/oz. Platinum +0.2% at $893/oz. Palladium little changed at $1,755.50/oz.

Source : Bloomberg

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