Gold Regains Ground on Brexit Jitters

Gold held steady on Wednesday after dropping nearly 1% in the last session, as European stocks slipped on uncertainties surrounding Britain’s departure from the European Union, while palladium hit a new high on tight supplies.

Spot gold was up 0.1% at $1,482.84 per ounce. U.S. gold futures were up 0.2% at $1,486.20.



“The euro is firmer against the U.S. dollar, stock markets came back a little bit too, which seems related to the Brexit talks after the euphoria yesterday, but there still are some risks in these talks,” said Quantitative Commodity Research analyst Peter Fertig.

Vai CNBC