London — Gold edged higher on Wednesday as uncertainty about Brexit talks, French elections and US President Donald Trump’s economic policies boosted safe-haven buying, offsetting a firmer dollar. Spot gold was up 0.1% at $1,252.35 per ounce at 11.22am GMT. US gold futures slipped 0.3% to $1,252. "The general picture is still positive with dips seen as buying opportunities," said Carsten Fritsch, analyst at Commerzbank in Frankfurt. "There are a lot of uncertainties regarding the Trump reflation trade after the failure last week to overhaul Obamacare and uncertainty in Europe with French elections coming up and the official start today of Brexit negotiations." Prime Minister Theresa May was set to file formal Brexit divorce papers on Wednesday, pitching the UK into the unknown and triggering years of uncertain negotiations that will test the endurance of the EU. Capping gains, however, was a firmer dollar, which pulled away from four-and-a-half-month lows, along with strong technica...
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