Gold prices pared some losses in electronic trading Wednesday, while oil prices held onto their modest gains after the Trump administration unveiled its tax reform plan. June gold was at $1,265.20 an ounce in electronic trading. It fell $3, or 0.2%, to settle at $1,264.20, just as Treasury Secretary Steven Mnuchin started to unveil the plan. June West Texas Intermediate oil was up 20 cents, or 0.4%, to $49.76 a barrel on the New York Mercantile Exchange, little changed from its level minutes before the news.
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