Gold firms as U.S. tax reform uncertainty stokes risk aversion

Reuters/Jan Harvey/11-13-17

Gold recouped some of the previous session’s sharp price drop on Monday as uncertainty over a U.S. tax reform plan stoked risk aversion, pulling equities from their recent record highs.

However, prices remained hemmed in a narrow range as investors awaited more clues on the path of U.S. interest rates.

…”Geopolitical risks have been substantially higher in the second half of the year … and there have been record highs in U.S. equities, (which are) probably starting to make some investors nervous.”

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