Gold Prices Dropped As The U.S. Dollar Strengthened On Optimism

Gold trading range for the day is 28477-29019.

Gold prices dropped as the U.S. dollar strengthened on optimism about passage of a U.S. tax overhaul.

Worries over a potential U.S. government shutdown eased after a bill advanced in the House of Representatives to extend current federal funding through Dec. 22.

Congress is facing a deadline of Friday at midnight to pass fresh spending legislation, if they cannot agree on the terms, parts of the federal government could shut down.

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