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Gold steadies near $1,275/oz as dollar stabilises

Reuters  |  LONDON 

By Jan HarveyLONDON (Reuters) - Gold steadied on Tuesday near $1,275 an ounce as the dollar stabilised versus a currency basket, with the metal still hemmed within this quarter's narrow price range ahead of fresh signals on U.S. tax reform.The dollar, which received a boost on Monday after the U.S. Senate approved a tax overhaul over the weekend, steadied as investors waited to see how the next step of the legislation would proceed. The Senate must now reconcile its version of the bill with legislation passed by the House of Representatives. Spot gold was at $1,274.44 an ounce at 1250 GMT, ...

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First Published: Tue, December 05 2017. 20:01 IST