Gold prices edged higher on Wednesday as the dollar eased paving the way for higher gold prices. US yields moved higher as riskier assets such as equities rose, following Tuesday’s hammering of stock prices. The Brexit fallout between the UK and the EU continued to widen which is helping to buoy safe-haven assets like gold.
Gold prices rebounded and edge through resistance near the 10-day moving average near 1,944. Prices bounced off of support on Wednesday which is seen near the 50-day moving average at 1,912.
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