• MTS Gold Evening News 20171006

    6 Oct 2017 | Gold News

       

• Gold was steady on Friday ahead of key U.S. jobs data later in the day, with prices curbed as the U.S. dollar stood firm near a seven-week high.

Spot gold was little changed at $1,268.52 an ounce at 0049 GMT. It shed 0.5 percent in the previous session.

U.S. gold futures for December delivery were down 0.2 percent at $1,270.90 per ounce.

• Asian stocks rose on Friday after optimism over U.S. tax reform plans lifted Wall Street shares to new highs, while the dollar hovered near a seven-week peak following additional indications of solid economic growth.

• Congressional Republicans moved to hasten an overhaul of the U.S. tax code on Thursday, while Federal Reserve officials warned in rare public remarks that President Donald Trump's tax plan could lead to inflation and unsustainable federal debt.

• The U.S. Senate on Thursday confirmed Randal Quarles as the Federal Reserve's top official on regulatory matters, filling a role critical to the Trump Administration's goal


Reference: Reuters

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