Gold Above $1,300 As May Suffers Another Heavy Brexit Defeat In Parliament


“Gold moved up as U.K. Prime Minister Theresa May suffered second Brexit defeat in just three months, raising market concerns over the quickly approaching March 29 Brexit deadline.

UK parliament voted on Tuesday to reject Prime Minister Theresa May’s Brexit deal by 391 votes to 242 after May said she secured “legally binding” changes to her Brexit deal.

Gold climbed above its key psychological level of $1,300, with April futures last trading at $1,301.40, up 0.80% on the day.”

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