Gold slips as dollar strengthens against yen

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Gold slipped on Monday as the dollar made stronger against the yen after Trump-Abe meet. Spot gold had slipped 0.31% to USD 1,230.22 per ounce, while US gold futures were down 0.36% at USD 1,231.3. The US dollar also found broad support in the wake of comments by Trump on Thursday that he planned to announce an ambitious tax reform plan in the next few weeks, relighting expectations for big tax cuts. The dollar index was firm at 100.820.

In other precious metals, spot silver was mostly unaffected at USD 17.95 per ounce, after touching USD 18, the highest since Nov. 11, 2016, earlier in the session.gold-bars-5d-large

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