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Gold holds steady above $1,490 on Brexit uncertainties


Added 10-20-19 11:04:02pm EST - “U.S. gold futures were little changed at $1,494.20. British Lawmakers on Saturday voted to withhold a decision on Prime Minister Boris Johnson's deal, a move that forced him to seek from the EU a third postponement of Britain's…” - News.yahoo.com

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Posted By TheNewsCommenter: From News.yahoo.com: “Gold holds steady above $1,490 on Brexit uncertainties”. Below is an excerpt from the article.

(Reuters) - Gold prices held ground above $1,490 an ounce in early Asian trade on Monday as uncertainties swirled over Brexit delay, though a firmer dollar weighed on the safe-haven metal.

Spot gold edged 0.1% higher to $1,490.60 an ounce by 0047 GMT. U.S. gold futures were little changed at $1,494.20.

Palladium was up 0.2% at $1,757.10 an ounce, after gaining about 3.3% in the previous week. The autocatalyst metal hit a record high of $1,783.21 on Thursday.

British Lawmakers on Saturday voted to withhold a decision on Prime Minister Boris Johnson's deal, a move that forced him to seek from the EU a third postponement of Britain's departure from the bloc.

The EU will play for time rather than rush to decide on Johnson's reluctant request to delay Brexit again, diplomats with the bloc said after a 15-minute meeting on Sunday.

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