Gold settles at 1-week high as Brexit hopes fade

Gold prices advance today and posted a 1-week high amid the dollar's slide against most major currencies and doubts about the new Brexit deal.

The UK and the EU announced today that they have agreed on a draft deal for the Brexit, although investors hopes faded ahead of the British vote on the draft on Saturday, amid broad expectations for rejection.

British Prime Minister, Boris Johnson, urged the British lawmakers to support the deal in order to move on other priorities such as the environment, protecting society from violent crimes and improving the standards of living, as he described it as a great new deal that takes back control.

Otherwise, the dollar index fell by 0.4% to 97.5 points as of 18:33 GMT, with an intraday high of 98.1 and a low of 97.5.

Gold futures for December delivery rose by 0.3% to close at $1,498.3 an ounce (the highest since October 10th), with a session-high of $1,501.1 and a low of $1,487