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HomeCommodity NewsGold Prices Fall as U.S. Dollar Rises

Gold Prices Fall as U.S. Dollar Rises – Gold prices fell on Monday as the greenback rose amid easing trade tensions and investors rallied to equities.

Comex gold futures for December delivery fell 0.34% to $1,192.10 a troy ounce as of 11:36 AM ET (15:36 GMT).

The U.S. and Canada reached a trade deal on the North American Free Trade Agreement (NAFTA) on Sunday night, just hours before the deadline, easing trade tensions across the globe.

The deal was renamed the United States-Mexico-Canada Agreement and will give the U.S. access to Canadian dairy market and will cap Canada’s auto exports to the U.S.

U.S. President Donald Trump had given Canada until the end of September to make a deal or face being left out of the new trade agreement. The U.S. already made a deal with Mexico, the third NAFTA member, earlier in the month.

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