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Gold firms as U.S. tax reform uncertainty stokes risk aversion

Reuters  |  LONDON 

By Jan HarveyLONDON (Reuters) - Gold recouped some of the previous session's sharp price drop on Monday as uncertainty over a U.S. tax reform plan stoked risk aversion, pulling equities from their recent record highs.However, prices remained hemmed in a narrow range as investors awaited more clues on the path of U.S. interest rates.Spot gold was up 0.2 percent at $1,278.40 an ounce at 1140 GMT, while U.S. gold futures for December delivery were up $4.70 an ounce at $1,278.90. While the metal has been supported this year by geopolitical risks such as the North Korea's nuclear ambitions, a ...

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First Published: Mon, November 13 2017. 20:23 IST