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REUTERS
July 11, 2018
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Gold surges

Business

REUTERS
July 11, 2018

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Bengaluru: Gold prices edged up in early Asian trade on Tuesday after hitting a two-week high in the previous session, amid political uncertainty over Brexit and as the U.S. dollar remained subdued.

Spot gold was up 0.1 percent at $1,258.12 an ounce at 0057 GMT. The metal touched its highest since June 26 at $1,265.87 on Monday.

U.S. gold futures for August delivery were 0.1-percent lower at $1,258.70 an ounce. The dollar index, which measures the greenback against a basket of six major currencies, was steady at 94.028. It fell to its lowest since mid-June in the previous session.

Prime Minister Theresa May´s foreign minister and Brexit negotiator quit on Monday in protest at her plans to keep close trade ties with the European Union after Britain leaves the bloc, stirring rebellion in her party´s ranks.

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