Gold Prices Flat; Brexit Concerns in Focus

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© Reuters.
Gold prices remained flat on Thursday. Brexit fears took centre stage after UK Brexit Minister Dominic Raab resigned, adding to uncertainty over whether Prime Minister Theresa May’s proposed Brexit deal will win parliamentary approval.

Gold futures for December delivery on the Comex division of the New York Mercantile Exchange was little changed at $1,215.3 a troy ounce by 1:26 AM ET (06:26 GMT).

 

 

 

 

 

 

 

 

 

Raab, in a letter to the prime minister, said he could not support terms of her draft Brexit plan.

“For my part, I cannot support the deal for two reasons,” Raab said in a letter. “First, I believe that the regulatory regime proposed for Northern Ireland presents a very real threat to the integrity of the United Kingdom.

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