Trump tax plan pushes gold to 6-week low

Reuters/Peter Hobson/09-28-17

Gold touched its lowest in six weeks on Thursday after the dollar and U.S. bond yields rose on proposed U.S. tax reforms and strong economic data that supported the case for another U.S. interest rate hike this year.

U.S. stocks rose and the dollar touched its highest level since mid-August before slipping as markets bet President Donald Trump’s tax-cutting plan could accelerate economic growth.

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