Gold Prices Edges Higher as U.S. Dollar Pulls Back

Gold prices edged higher on Monday, as the U.S. dollar pulled back despite mounting hopes that a major U.S. tax reform can be passed before the end of the year.
Comex gold futures were up $2.10 or about 0.16% at $1,259.70 a troy ounce, just off Friday's one-and-a-half week high of $1,264.50 hit.
The greenback was initially lifted after Republicans on Friday put the finishing touches on a sweeping tax overhaul bill.
They are confident Congress will now pass the tax bill this week, with a Senate vote planned as early as Tuesday.
The precious metal had strengthened last week after the Fed raised interest rates by 0.25 basis points to 1.50% but did not change its projections for 2018. For More Information About Commodity Market Tips Please Visit : www.paceresearchindia.com and Call : 8817774774