Gold prices rose on Thursday to extend gains from the previous session after
Brexit Secretary Dominic Raab and Northern Ireland minister Shailesh Vara announced their resignations, dealing a severe blow to Prime Minister
Theresa May's Brexit plans.
Spot gold rose 0.26 percent to $1,210.98 per ounce while U.S gold futures were up over 1 percent at $1,211.60 per ounce.
The surprise resignation of Mr. Raab followed a tense, five-hour meeting of the cabinet the previous day, during which May won approval for the draft Brexit deal.
Earlier, European Council President Donald Tusk called a summit for leaders to sign off the agreement on Nov. 25 unless "something extraordinary happens."
Interestingly, gold is benefiting despite the dollar rising in European trade on safe-haven demand.
While Asian stocks ended the day mixed, European markets gave up earlier gains to edge lower in a sign of increased risk aversion.
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