Bengaluru — Gold prices were mostly steady on Thursday amid a firm dollar, trading within sight of a two-month low hit earlier this week. Spot gold was nearly unchanged at $1,263.21 an ounce by 4.06am GMT. It marked its lowest since October 6 at $1,260.71 on Tuesday. US gold futures were flat at $1,265.70. The dollar inched up against its peers on Thursday, as optimism towards US legislators making progress on tax legislation continued to grow. US Senate Republicans agreed to talks with the House of Representatives on the tax legislation on Wednesday, amid early signs that lawmakers could bridge their differences and agree on a final bill ahead of a self-imposed December 22 deadline. Hope that tax reforms would boost economic growth has dented demand for safe-haven assets such as gold. INTL FCStone analyst Edward Meir said gold could move slightly lower heading into next week’s Federal Reserve meeting, as investors would be jittery about the Fed’s policy wording going forward. Marke...
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