Gold Followed a Horizontal Course With Brexit Effect

Gold Followed a Horizontal Course With Brexit Effect Gold followed a horizontal course with the Brexit effect. Britain and the EU are very close to the agreement. Gold prices first rose and then followed a flat course with the Brexit deal and the weakening of the dollar. In the long-standing Brexit negotiations for the separation of Britain, which decided to leave the EU with a referendum in 2016, the agreement was within reach. Mutual concessions were made on Thursday morning on the fishing problem, which put the deal deadlocked; It was informed that the last arrangements were made in order to reach an agreement. In his comment on gold, Oanda Senior Market Analyst Edward Moya said: “Gold prices found support from Brexit, which paved the way for a weaker dollar. If the fiscal stimulus spiral in the US unravels, it could increase gold earnings. Investors are closely following the Senate elections in Georgia. There is still a blue wave chance, and this possibillity may work miracles for gold prices.” Gold fell as low as 0.08 percent at 07:47 TSI after rising about 0.40 percent and traded at around $ 1,874.59 per Ounce. Bloomberg Dollar Spot Index fell 0.1 percent.       This article has contributions of Bloomberg HT.