Gold firms on Brexit jitters

BENGALURU, Oct 22 (Reuters): Gold prices inched higher on Tuesday ahead of a crucial vote by British lawmakers on the Brexit withdrawal agreement, although prospects for a US-China trade deal limited bullion's gains.
Spot gold was up 0.2 per cent at $1,487.63 per ounce as of 1042 GMT, having hit a roughly one-week low of $1,480.44. US gold futures were also up 0.2 per cent, at $1,490.70.
"There is an uncertainty about Brexit and some people realise that there still are roadblocks ahead," Quantitative Commodity Research analyst Peter Fertig said.
"We have a rebound in government bond prices, including in Germany and Italy, which is pointing to a flight back into safe havens," Fertig said, noting declining yields are supportive for gold.