Bengaluru — Gold prices edged up on Tuesday, after hitting a two-week high in the previous session, amid political uncertainty over Brexit and as the dollar held steady. Spot gold was up 0.2% at $1,259.30/oz, as of 3.57am GMT. In the previous session, the metal touched its highest since June 26 at $1,265.87. US gold futures for August delivery were nearly unchanged at $1,259.90/oz. "A stronger yuan and slight weakness in the [dollar] has provided support for gold," said National Australia Bank economist John Sharma. "Also, geopolitical issues such as Britain’s confused exit from the EU and US President [Donald] Trump’s assertion that China was impeding North Korean progress on denuclearisation have provided some support for gold." The dollar was little changed against a basket of six major currencies on Tuesday after dropping to its lowest since mid-June in the previous session, while the pound was frail after the departure of two key eurosceptic ministers raised concern about a "ha...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now