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Gold price slides towards four-week lows, at risk from higher dollar

Reuters  |  LONDON 

By Pratima DesaiLONDON (Reuters) - Gold prices fell on Monday towards the four-week lows hit last week as the dollar rose after U.S. politicians approved a major tax overhaul and the market looked ahead to a meeting of the Federal Reserve later this month.Spot gold was down 0.6 percent at $1,273.04 an ounce, at 1237 GMT compared with last Thursday's $1,270.11, its lowest level since Nov. 6. U.S. gold futures fell 0.5 percent to $1,275.80 an ounce.The U.S. Senate narrowly approved a tax reform bill on Saturday, moving U.S. President Donald Trump a big step closer to his goal of slashing taxes ...

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First Published: Mon, December 04 2017. 18:26 IST