Gold prices traded lower as the dollar gained after Republicans in the U.S. Senate passed a bill to overhaul the country's tax system, moving the process forward.
Traders celebrated the passage of a Senate tax bill over the weekend, while stronger U.S. stock futures pointed to a merry start for Asian shares.
U.S. factory activity fell more than expected in November as a gauge of employment cooled, but the index continued to point to strengthening manufacturing conditions.
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