Gold prices steady near 2-1/2 week highs on softer dollar
Gold prices were hovering near two-and-a-half week highs as sentiment on the greenback remained vulnerable despite the vote of a major U.S. tax reform bill and ahead of a string of U.S. economic reports due later in the day. Trading volumes were expected to become more and thinner throughout the week, ahead of the Christmas holiday. The House of Representatives gave final approval on Wednesday to the biggest U.S. tax overhaul in 30 years, marking a major political victory for President Donald Trump. Market participants were cautious ahead a final U.S. third-quarter economic growth report due later in the day, as well as data on manufacturing activity and jobless claims.
Source : Investing
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