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Gold down but lingers near three-week high amid U.S. tax concerns


By Vijaykumar Vedala and Arpan VargheseREUTERS - Gold eased on Friday on a firmer dollar but uncertainty over U.S. tax reforms helped prices stay close to a three-week high touched in the previous session. Bullion was on track for its first weekly gain in about a month. Spot gold was down 0.1 percent at $1,283.61 per ounce as of 0856 GMT, although it was headed for a gain of more than 1 percent for the week. On Thursday, it touched its highest since Oct. 20 at $1,288.34 an ounce. U.S. gold futures for December delivery were down 0.3 percent at $1,284.20. "Gold has struggled to gain any ...

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First Published: Fri, November 10 2017. 15:17 IST