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Business

REUTERS
December 6, 2017

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Gold steadies

Bengaluru: Gold was steady early Tuesday, supported by a slightly weaker dollar, after falling in the previous session as proposed changes to U.S. tax rules that could lead to faster economic growth moved a step closer.
Spot gold was nearly unchanged at $1,276.38 an ounce by 0057 GMT.
It shed 0.3 percent in the previous session. U.S. gold futures were up 0.1 percent at $1,279.
The dollar held on to modest gains against its peers on Tuesday, with its rise made at the week´s start slowing as the market awaited the next phase of the U.S. tax reform saga for cues.
New orders for U.S.-made goods fell less than expected in October and shipments of core capital goods were much stronger than previously reported, pointing to sustained strength in manufacturing that should buoy the economy.

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