Gold Prices Dropped As Pressure Continued After Progress On U.S. Tax

Gold trading range for the day is 28372-28730.

Gold prices dropped as pressure continued after progress on U.S. tax reform fueled optimism about the U.S. economy and boosted the dollar.

Stronger-than-expected U.S. employment data also demonstrated healthy economic growth and suggested the Federal Reserve will raise interest rates.

US data showed the unemployment rate steadied at 4.1% as expected in November, and holding at the lowest rate since December 2000.

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