The metal rises, recovering from a recent sharp fall, as the dollar loses ground and concern about a global slowdown sends investors on the hunt for safe-haven assetsGold granulate is seen at a plant of gold refiner and bar manufacturer Valcambi in the southern Swiss town of Balerna. Picture: REUTERS/MICHAEL BUHOLZER
The dollar slipped 0.1% against major currencies and was on track for its biggest weekly loss since early December. British legislators voted on Thursday to seek a delay in Brexit, setting the stage for Prime Minister Theresa May to renew efforts to get her divorce deal approved by parliament next week.
Meanwhile, comments from China’s premier about a slowing economy suggest that one of the world’s biggest economies is struggling, which is offering gold a bit of support, said Brian Lan, MD at dealer GoldSilver Central in Singapore.
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