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Friday April 26, 2024

Gold higher

By Reuters
November 21, 2017
Bengaluru: Gold prices dipped early on Monday, weighed down by a stronger U.S. dollar, but held close to a one-month high hit in the previous session.
Spot gold edged down 0.1 percent to $1,293.28 per ounce by 0057 GMT. On Friday, gold jumped about 1.3 percent to hit a one-month high of $1,297 an ounce due to uncertainty about the progress of an overhaul of the U.S. tax code.
U.S. gold futures for December delivery fell 0.2 percent to $1,293.60. The dollar index , which tracks the U.S. currency against a basket of six major rivals, gained 0.3 percent. U.S. President Donald Trump would not insist on including repeal of an Obama-era health insurance mandate in a bill intended to enact the biggest overhaul of the tax code since the 1980s, a senior White House aide said on Sunday.