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Gold slips below $1,275/oz as dollar bounces

Reuters  |  LONDON 

By Jan HarveyLONDON (Reuters) - Gold slipped back below $1,275 an ounce on Tuesday as the dollar rose against the euro, but the metal held within this quarter's narrow price range ahead of fresh signals on U.S. tax reform.The dollar received a boost on Monday after the U.S. Senate approved a tax overhaul. Investors kept the currency well bid as they waited to see how the next step of the legislation would proceed. Spot gold was at $1,267.89 an ounce at 1455 GMT, down 0.6 percent, while U.S. gold futures for December delivery were down $7.20 an ounce at $1,270.50.It has held broadly between ...

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First Published: Tue, December 05 2017. 23:24 IST