Gold stages rebound on dollar weakness; US, EU ink tariff deal
Spot gold was up 0.2% at $3,342.62 per ounce, as of 0421 GMT, after touching its lowest level since July 17. U.S. gold futures edged 0.2% higher to $3,342.90.
The U.S. struck a framework trade agreement with the European Union on Sunday, imposing a 15% import tariff on most EU goods - half the threatened rate - and averting a bigger trade war between the two allies that account for almost a third of global trade.
However, the agreement left key issues unresolved, including tariffs on spirits.
The U.S. dollar index eased 0.1%, making greenback-priced bullion more affordable for overseas buyers.
Risk sentiment improved following the agreement, with European currencies and U.S. stock index futures trading higher.
Spot silver was up 0.2% at $38.21 per ounce, while platinum gained 1.2% to $1,417.67 and palladium rose 2.9% to $1,254.98. Reuters
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