Gold prices steady as dollar sags on US-Mexico trade deal
Updated : August 28, 2018 06:54 AM IST
Spot gold was steady at $1,211.31 an ounce at 0047 GMT. Prices hit their highest since Aug. 13 at $1,212.38 on Monday.
The dollar fell to a four-week low on Monday, as risk appetite improved and investors unwound some safe-haven bets on the currency after the United States and Mexico reached a trade deal.
The United States and Mexico agreed to overhaul the North American Free Trade Agreement (NAFTA), putting pressure on Canada to agree to the new terms on auto trade and other issues to remain part of the three-nation pact.