Gold Gains Slightly In Asia As China Market Concerns Ease, US Tax Cuts Eyed

Gold prices gained slightly in Asia on Friday as concerns over a sharp selloff in China overnight eased and investors turned focus to the U.S. and next week’s Senate review of proposed tax cuts.
Comex gold futures gained 0.06% to $1,292.98 a troy ounce. On Thursday, China CSI 300 Index sank 52 points in the final 45 minutes of trading, the steepest afternoon decline since the depths of China’s stock market crash in January 2016.