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Gold Could Bounce If Tax Cuts Hit Snag

Gold Could Bounce If Tax Cuts Hit Snag

Gold could draw some support in the near term since the stock market has already to a degree factored in potential U.S. tax cuts, meaning a bounce if the legislation ends up not having clear sailing after all, says Phil Flynn, senior market analyst with at Price Futures Group. -We [gold] probably should bounce a little next week,- Flynn says. We did sort of struggle this week with the expectations that the tax cuts were going to go through.

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