Gold futures surged to a one-month high on Friday as dollar softened on uncertainty about the progress of a proposed overhaul of the U.S. tax code. The bullion market volatility has dragged down to record lows on changing expectations about the outlook for U.S. monetary policy.
Gold futures for December delivery settled up 1.4 percent at $1,296.50 an ounce on the Comex division of the New York Mercantile. While, spot gold was up 1.2 percent at $1,293.53 an ounce.
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