Gold ends higher than 3 weeks as u.s. stocks, weakening the dollar

Gold ends higher than 3 weeks as u.s. stocks, weakening the dollar
Gold ends higher than 3 weeks as u.s. stocks, weakening the dollar
Gold marked its lowest finish in more than three weeks Thursday, with U.S. equities pulling back sharply and the dollar index continuing to trade below its recent multimonth highs as uncertainty about tax-bill progress hung over financial markets. December gold GCZ7, -0.92% tacked on .80, or 0.3%, to settle at ,287.50 an ounce—the highest finish since Oct. 16, according to FactSet data. The exchange-traded SPDR Gold Trust GLD, -0.82%  rose 0.5%. “Gold prices have rebounded, likely reflecting some safe-haven flows on U.S. stock market weakness and Middle East risks,” said Rob Haworth, senior investment strategist for U.S. Bank Wealth Management. U.S. stocks fell sharply from all-time highs with investors showing disappointment over news that Senate Republican’s tax plan would include a delay of cuts to corporate taxes until 2019. Senate Republicans were expected on Thursday to unveil their tax bill. But this version may differ from that of House Republicans in part by not y repealin…
Gold ends higher than 3 weeks as u.s. stocks, weakening the dollar