London — Gold dipped on Thursday as the dollar strengthened, but economic uncertainty around Britain’s departure from the EU and the approaching French elections capped losses. "We might see support from the French elections if the results are better than expected," Bernard Dahdah, a precious metals analyst at Natixis, said. Emmanuel Macron is on course to come out on top of the first round of France’s presidential election in April and go on to win the May 7 runoff against far right leader Marine le Pen, an Elabe poll showed on Wednesday. Gold is often seen as an alternative investment during times of geopolitical and financial uncertainty. Spot gold was down 0.1% at $1,250.66/oz by 7.26am GMT. US gold futures slipped 0.3% at $1,250. In Britain, Prime Minister Theresa May formally began divorce from the EU on Wednesday, saying there was no turning back. "The market seemed to take the notification of the Article 50 in the UK relatively smoothly, but I suspect the worst is yet to com...
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