Gold rose

Gold appreciated yesterday as a result of continuing uncertainty as to when tax reform will be presented. This weighs on the dollar and initiates a rise in precious metals.
The dollar index was down, which was a good news for gold. Traditionally, the price of gold is in reverse correlation with the level of the dollar.
If the tax reform sees the world, it is possible for the price of gold to fall, but only for a moment.
Expectations that the tax reform will trigger economic growth, and this will lead to inflation and appreciation of the dollar, generally discourage gold from more serious growth, commented market observers.
The spot price of gold added 0.5% to 1 261.30 dollars per ounce. Metal futures added 0.6 percent to $1,264.40 per ounce.
For the next year, it is expected the price of gold to drop by between $25 and $50, due to good prospects for the US and world economy, Fed's rising interest rates, and the potential rise in the dollar.
In the first part of 2018, however, potential concerns and correction of the stock markets may bring some strength to the noble metal.