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...
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