Gold held steady on Wednesday, supported by a slight retreat in the dollar while gains were capped by a modest recovery in equities, as caution set in ahead of a no-confidence vote on British Prime Minister Theresa May’s government.
Spot gold was up 0.08 percent at $1,290.21 per ounce at 8:20 a.m. ET, and U.S. gold futures rose 0.13 percent at $1,290.10 per ounce.
Gold seems to be finding a hurdle at $1,300, said Commerzbank analyst Carsten Fritsch, adding that physical demand for gold coins had picked up in Britain, aided by Brexit uncertainty.
Panthera Resources Plc (LON:PAT) was incorporated in the UK and Wales in 2017. The company is focused on its gold exploration and development projects in India and West Africa and the optimisation of other mineral projects.