LONDON: Gold rose on Friday as the dollar softened on uncertainty about the progress of what would be the biggest overhaul of US taxes since the 1980s.

The US House of Representatives approved on Thursday a package of tax cuts, while a Senate panel advanced its version of the legislation that has President Donald Trump’s backing.

Platinum rose 0.7pc to $937.40 and palladium gained 0.1pc to $988.25. For the week, silver has risen 1.1pc, in what could be its best week in five. Platinum is up 0.9 pc, heading for a third straight weekly rise. Palladium is almost unchanged.

Published in Dawn, November 18th, 2017