Investing.com - Prices of safe-haven gold rose on Tuesday in Asia even after the European Commission agreed to provide additional assurances in an updated Brexit deal.
U.K. Prime Minister Theresa May has secured “legally binding changes” that “strengthen and improve” the nation’s divorce deal from the European Union, reports said on Tuesday.
Members of Parliament will vote on May’s updated Brexit deal later in the day. The prime minister is expected to chair a cabinet meeting before the motion is debated in the House of Commons in the afternoon and the vote will be held in the evening.
The U.K. is set to leave the EU on 29 March.
The news lifted investor sentiment, with the pound rising 0.4% against the dollar. Asian equities also traded mostly higher, with Japan’s Nikkei gaining more than 2% and Chinese stock markets gained about 1.5%.
Gold futures, widely considered a safe-haven asset, rose 0.4% to $1,296.45 by 1:24 AM ET (05:24 GMT) on the Comex division of the New York Mercantile Exchange.
The U.S. Dollar Index that tracks the greenback against a basket of other currencies was down 0.1% to 97.047.