Gold Slips; Early UK Poll Results Point To Hung Parliament

Gold edged down on Friday ahead of the UK election verdict with early results suggesting no clear winner which could push the country into a new bout of political turmoil before Brexit talks. The prospect of a hung parliament casts doubt over the premiership of Theresa May, who had gambled with the snap polls for a stronger mandate before launching into arduous divorce talks with the European Union. An exit poll predicted the Conservatives would win 314 seats in Britain's 650-member parliament and the left-wing opposition Labour Party 266.

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