Trading conditions positive for the metal

What are the key drivers for gold this week?

The Brexit saga dominated headlines this week as UK Prime Minister Theresa May suffered a scathing defeat on the proposed divorce agreement with the European Union (EU). Though she has managed to retain her position in a consequent vote of confidence by British lawmakers, a deep political divide continues to shroud the market outlook for March 29 this year, when Brexit takes place.

Rising populism in global politics remains a key impediment to clearer skies in global economic conditions as the United States too suffers from a prolonged government shutdown.