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Gold slips 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 strengthened 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 0.3 percent at $1,276.00 an ounce by 1237 GMT, not far from last Thursday's $1,270.11, its lowest level since Nov. 6. U.S. gold futures fell 0.3 percent to $1,278.80.The U.S. Senate approved a tax reform bill on Saturday, moving U.S. President Donald Trump a big step closer to his goal of cutting taxes for ...

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First Published: Mon, December 04 2017. 20:39 IST