Gold edged higher on Wednesday on persistent doubts about Italy’s ability to tackle its debt crisis as political uncertainty and soaring Italian bond yields prompted caution among investors. Italian Prime Minister Silvio Berlusconi, viewed by many in the markets as an obstacle to economic change, has pledged to resign after parliament passes budget reforms but his exit as leader of the euro zone’s third-largest economy raised questions about a successor and possible political instability. A failure by Italy to fix its debt problems would have a far bigger impact on the region than difficulties in Greece. Gold rose 0,3% to $1 790,69 an ounce by 1220 GMT from $1 784,85 late in New York on...
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