On Wednesday the popular Gold rose while some traders ran for cover in the precious metal following UK lawmakers that urged to suspend the Brexit. All this while anticipations of further monetary easing by central banks gave additional assistance. U.S. gold futures increased 0.55% to $1,495.6 per ounce. Spot gold was up 0.32% at $1,492.41 per ounce. “The uncertainties around Brexit and the concerns around the impact it could have on global growth are still keeping investors focused on gold,” said Suki Cooper, precious metals analyst at Standard Chartered Bank.
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Daily Analysis - 24/10/2019