Last week, Spot gold prices rose by 0.4 percent, to close at $1248.6/oz, while MCX gold prices declined by 1.1 percent to close at Rs.28463 per 10 gms. The dollar strengthened, but uncertainty surrounding the impact of Britain's departure from the European Union and upcoming French elections offered support. Prime Minister Theresa May formally began Brexit - Britain's divorce from the EU - on Wednesday, declaring there was no turning back and ushering in a tortuous exit process that will test the bloc's cohesion and pitch her country into the unknown.
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