Gold and Silver

PRECIOUS-Gold prices hit 1-week high amid Brexit turmoil

PRECIOUS-Gold prices hit 1-week high amid Brexit turmoil
Mining News Pro - Gold prices rose on Friday, having hit a one-week high earlier in the session, as investors sought safe-haven assets amid fears of a chaotic departure for Britain from the European Union.
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According to Mining News Pro -

* Spot gold may edge up to $1,223/oz - Technicals 
* Palladium up over 3 pct for the week so far

(Adds comment, updates prices)

By Eileen Soreng

BENGALURU, Nov 16 (Reuters) - Gold prices rose on Friday, having hit a one-week high earlier in the session, as investors sought safe-haven assets amid fears of a chaotic departure for Britain from the European Union.

UK Prime Minister Theresa May`s draft Brexit plan ran into dispute after the resignation of key ministers from her government and eurosceptic lawmakers stepped up efforts to topple her, provoking fears the country could crash out of the EU without a divorce deal. "The issues around Brexit have invigorated a little bit of safe-haven buying in the market ... The focus of the market has turned slightly to geopolitical issues at the moment," said ANZ analyst Daniel Hynes.



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