Gold Dropped As The Dollar Rose And U.S. Stocks Rebounded As Investors Assessed

Gold trading range for the day is 28647-29299.

Gold dropped as the dollar rose and U.S. stocks rebounded as investors assessed details of the U.S. tax overhaul legislation.

The U.S. Senate approved a major tax reform bill, moving Republicans and U.S. President Donald Trump closer to their goal of slashing taxes for businesses.

The U.S. trade deficit increased to a nine-month high in October due to rising oil prices and the widening of America's long-standing deficits with China and Mexico.

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