Gold prices down slightly In Asia with holiday range trade in place
Gold prices eased slightly in Asia with the market in a pre-holiday lull and awaiting a Bank of Japan policy review to conclude on Wednesday and a US tax cut package expected to pass this week. Overnight, gold prices rose on Monday, buoyed by dollar weakness on tax reform jitters despite reports suggesting Republicans lawmakers could vote on the final tax bill as soon as Tuesday. Gold prices made a bold start to week shrugging off signs of progress on tax reform following a report from Reuters, citing aides that Republican lawmakers could vote on tax legislation as soon as Tuesday, boosting the chances of the tax bill passes this week.
We want to give you, the American people, a giant tax cut for Christmas. And when I say giant, I mean giant,” President Donald Trump said in a speech at the White House last week.
Source: Investing
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