Asian shares edge lower in early trade.
Published: Tue 23 Oct 2018, 8:31 AM
Last updated: Tue 23 Oct 2018, 10:34 AM
Gold prices inched up early Tuesday as Asian stocks faltered witg uncertainties around Brexit and Italy's budgetary woes.
22k can be bought at Dh139 and buyers can get 24k at Dh148.
Asian shares were listless on Tuesday, a day after a strong rally led by stimulus hope in China, with MSCI's broadest index of Asia-Pacific shares outside Japan dropping 0.5 per cent.
US President Donald Trump said he was still not satisfied with what he has heard from Saudi Arabia about the killing of journalist Jamal Khashoggi in Turkey, but did not want to lose investment from Riyadh.
Russia said it would be forced to respond in kind to restore the military balance with the United States if Trump carried through on a threat to quit a nuclear arms treaty and began developing new missiles.
The United States sent two warships through the Taiwan Strait on Monday in the second such operation this year, as the US military increases the frequency of transits through the strategic waterway despite opposition from China.
Trump, speaking to reporters at the White House as he left on a campaign trip to Texas, said on Monday his administration planned to produce a resolution within two weeks calling for a 10 per cent tax cut for middle-income people.
Prime Minister Theresa May urged restive lawmakers to back her in the final stages of Britain's exit from the European Union, saying talks were in their most difficult phase even if a deal was close.
Italy told the European Commission on Monday it would stick to its contested 2019 budget plans in defiance of EU fiscal rules, but promised not to inflate its deficit any further in the years ahead.
Lonmin Plc on Monday signed a $200 million metal purchase agreement, which will provide the platinum miner better liquidity as it awaits the closure of Sibanye-Stillwater's takeover of the company.
Holdings in SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, rose 0.28 per cent to 747.88 tonnes on Monday.
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