Prices of the 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.
Member 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 votes are 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 that tends to move in opposite directions with equities, also 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. Doller Index that tracks the greenback against a basket of other currencies was down 0.1% to 97.047.
In other news, Federal Reserve chairman Jerome Powell said on Sunday that the U.S. central bank does “not feel any hurry” to change the level of interest rates again.