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Gold prices slip as dollar gains after US Senate clears tax bill

The dollar rebounded to a two-week high after taking a brief hit on on news that Michael Flynn pleaded guilty to lying to the FBI about his contacts with Russia.


Gold prices fell in Asian trade on Monday, as the dollar gained on expectations that the United States' economy will expand further after the Senate passed a bill to overhaul the country's tax system. The Senate narrowly approved the overhaul on Saturday, moving the Republican Party and US President Donald Trump a big step closer to their goal of slashing taxes for businesses and the rich while offering everyday Americans a mixed bag of changes. The dollar rebounded to a two-week high on Monday after taking a brief hit on Friday on news that Michael Flynn, former national ...

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First Published: Mon, December 04 2017. 13:36 IST