The precious metal was subdued through the.....>

GOLD: The precious metal was subdued through the European morning staying in a

tight range of $1275.48-1276.71. The arrival of NY had very little reaction, as

the market awaited the release of the BOE.

The BOE raising rate initially witnessed a rally in the dollar, gold followed

suit sharply dropping to fresh lows of $1273.17, the greenback reversed quickly,

and XAU recovered to $1277.

- The yellow metal received a lift in reaction to the House GOP tax plan

emerges. A sharp sell-off in the dollar has seen gold follow suit spiking to

fresh session highs of $1284.23.

- The dollar pared pare back earlier losses with US tsys yields rising on talk

of tax reform, the yellow metal dropped to fresh pullback lows of $1275.03.