Ripples Advisory, Gold slips; early UK poll results point to hung parliament

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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 -- a "hung parliament" with no clear winner.