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Gold turns positive as dollar drops on possible Canada NAFTA concession

Reuters  |  NEW YORK/LONDON 

By Renita D. Young and Zandi ShabalalaNEW YORK/LONDON (Reuters) - Gold turned positive on Wednesday as the U.S. dollar weakened against a basket of major currencies after hopes grew of concessions by Canada that would resolve disputes over reworking the North American Free Trade Agreement.Spot gold was up 0.8 percent at $1,206.94 per ounce by 1:37 p.m. EDT (1737 GMT), after hitting its lowest since Aug. 24 at $1,187.21 on Tuesday. U.S. gold futures for December delivery settled up $8.70, or 0.7 percent, at $1,210.90 per ounce. The U.S. dollar index faded against a basket of major currencies ...

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First Published: Wed, September 12 2018. 23:33 IST