Amid concerns over tax reforms in the U.S......>

GOLD: Amid concerns over tax reforms in the U.S and a weakening dollar gold rose

on the overnight and extended gains in the Asia-Pac session, the yellow metal

was last at $1284.81, setting up for its first weekly gain in four weeks. 

- On the overnight it was revealed that the U.S. Senate's Republican tax plan

will begin tax cuts as far away as 2019, raising interest in gold... ANZ Say:

"This (rise in gold) was despite a report from the World Gold Council showing

physical demand remained weak. World gold demand fell 9% in the third quarter to

915 tonnes as tougher Indian regulations weighed on demand. They also reduced

their forecast for gold demand in 2017 to between 3900-4000 tonnes from

4200-4300 tonnes in their August report. The bright spot was central bank

buying, which was up 25% to 111 tonnes."

- MNI technical analysis sees support at $1281.7 - Hourly support Nov 9 and

resistance at $1291.1 - Hourly resistance Oct 19. Hesitation ahead of the

200-DMA has seen breaks of the 21-DMA ($1280.2) and bulls now needing a close

above the 55-DMA to hint at a move initially targeting $1320.0 with above

$1306.0 to confirm.