Dubai – (Massader News)
Gold prices fell on Friday, and metal futures fell by 0.1% to $ 1286 an ounce after Congress announced the tax reform plan, according to a report published by Mubasher.
While the spot price of yellow metal stabilized at $ 1285.5 an ounce.
European stocks have recorded daily losses since last June, as US indices fell at the close of trading, and the US currency fell against the major currencies.
The Finance Committee of the Congress announced yesterday its tax reform plan, which keeps the seven segments of individual taxes in the new law, and cuts the 15% to 12%, while the highest level is 38.5%.
The House of Representatives plan, which was announced last week, includes three segments of tax on individuals at 12, 25% and 35%, as well as the richest section may reach 39.6%, according to Mubasher.
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