Gold edged up on Wednesday, as uncertainty about Brexit talks, French elections and U.S. President Donald Trump’s economic policies boosted safe-haven buying and offset a firmer dollar.

Spot gold was up 0.1 percent at $1,252.11 per ounce at 1505 GMT. U.S. gold futures slipped 0.3 percent to $1,251.90, acording to Reuters.

“There are a lot of uncertainties regarding the Trump reflation trade after the failure last week to overhaul Obamacare, and uncertainty in Europe with French elections coming up and the official start today of Brexit negotiations,” said Carsten Fritsch, analyst at Commerzbank in Frankfurt. “The general picture is still positive (for gold) with dips seen as buying opportunities,” he said.

Prime Minister Theresa May filed formal Brexit divorce papers on Wednesday, triggering years of negotiations that will test the cohesion of the European Union. A firmer dollar capped gains in gold, as it hit a fresh eight-day high after Chicago Fed President Charles Evans said he supported one or two more U.S. rate hikes this year.

Autor: Gabriel Avăcăriței

Gabriel Avăcăriței is a journalist and communicator with over a decade of experience in Romania’s energy sector. Since 2013, he has been Editor-in-Chief of Energynomics, the country’s leading B2B communication platform for the energy industry. He moderates all Energynomics conferences and debates, bringing clarity and depth to discussions among policymakers, business leaders, and innovators. Under his leadership, Energynomics has evolved into the most comprehensive editorial project in Romania’s energy field, combining a news website, quarterly magazine, and a wide portfolio of industry events that inform and connect the energy community.