• Gold was higher on Thursday as a weaker dollar pushed prices during the session to a three-week high for the second time in successive days, while palladium dipped but stayed close to 16-year peak hit during the session.
• Spot gold was up 0.4 percent at $1,286.27 an ounce by 1:42 p.m. EST (1842 GMT), after touching $1,288.13, its highest since Oct. 20.
• U.S. gold futures for December delivery settled up $3.80, or 0.3 percent, at $1,287.50 per ounce.
• The dollar fell to a six-day low against a basket of currencies, as investors balked at emerging details of the U.S. Senate Republicans' version of a tax cut plan.
• U.S. Senate Republicans' version of the tax bill will delay corporate rate cuts by one year, and will not repeal the Affordable Care Act's individual mandate, Republican Senate Finance Committee member Bill Cassidy said ahead of the plan's release.
• Though gold still drew short-term support from uncertainty over the U.S. tax bill, "the overall trend has shifted into a neutral to negative trend, even though you've got pretty solid demand coming out of speculators," said Rob Haworth, senior investment strategist for U.S. Bank Wealth Management.
• Data from the World Gold Council showing that gold demand slid in the last quarter to its lowest in eight years as jewelry buying fell and inflows into bullion-backed exchange-traded funds dried up.
• Among other metals, palladium was down 0.2 percent at $1,011 an ounce, after hitting $1.026.10, its highest since 2001.
• Meanwhile, silver shed 0.2 percent at $16.98 an ounce while platinum gained 0.8 percent at $938.30 an ounce.
Reference: Reuters
Thai
Eng