Gold prices were unmoved by the re-emergence of Brexit risks as stronger-than-expected U.S. data boosted risk appetite.
Gold Futures for February delivery on New York’s COMEX were unchanged at $1,480.85 per ounce by 12:45 AM ET (04:45 GMT). The yellow metal hit a one-week high at $1,484.85 early in the session.
Reports that U.K. Prime Minister will amend the Brexit bill to ensure that the transitional phase of relations between the U.K. and EU ends as scheduled on Dec. 31 revived the possibility of a no-deal Brexit scenario, as EU officials are left with little time to negotiate a trade agreement.
The news pushed the British pound down, but provided little support to the safe-haven gold today as positive-looking U.S. data supported risk sentiment.
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