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Gold recovers from two-month low as dollar weakens

Reuters  |  LONDON 

By Zandi ShabalalaLONDON (Reuters) - Gold prices held near a two-month low on Wednesday, ahead of a vote over the U.S. tax reform plan but a potential government shutdown lent support.Spot gold was steady at $1,266.20 an ounce by 1310 GMT after it hit its lowest since Oct. 6 in the previous session.U.S. gold futures rose 0.3 percent to $1,268.50 an ounce.The dollar index was down on Wednesday on uncertainty around a possible U.S. government shutdown if lawmakers fail to reach a budget accord before a Friday deadline. A softer greenback makes dollar-denominated assets, such as gold, cheaper ...

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First Published: Wed, December 06 2017. 23:04 IST