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Gold hovers near two-month lows as dollar firms

Reuters  |  NEW YORK/LONDON 

By Renita D. Young and Zandi ShabalalaNEW YORK/LONDON (Reuters) - Gold dipped slightly and held near a two-month low on Wednesday, under pressure from a firmer U.S. dollar ahead of a vote on the U.S. tax reform plan, but a potential government shutdown lent support to prices.Spot gold was down 0.1 percent at $1,264.57 an ounce by 1:41 p.m. EST (1841 GMT). A day earlier, it hit its weakest since Oct. 6.U.S. gold futures for February delivery edged higher to settle up $1.20, or 0.1 percent, at $1,266.10 per ounce. The dollar hit a two-week high against a basket of currencies on optimism about ...

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First Published: Thu, December 07 2017. 10:12 IST