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U.S. tax doubts push gold to first weekly rise in a month

Reuters  |  LONDON 

By Peter HobsonLONDON (Reuters) - Gold prices were on track for their first weekly rise in a month on Friday after uncertainty over U.S. tax reform pushed stock markets lower and weakened the dollar, making bullion cheaper for holders of other currencies.Spot gold was flat at $1,284.58 an ounce at 1451 GMT but up 1.2 percent this week after touching $1,288.34 on Thursday, its highest since Oct. 20.U.S. gold futures for December delivery were 0.2 percent lower at $1,285.The dollar was set for its first weekly fall since early October after U.S. Republican senators said they wanted to slash the ...

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First Published: Fri, November 10 2017. 20:48 IST