Gold trading range for the day is 29473-29677. Gold prices dropped after the U.S. Senate approved a budget blueprint that paves the way for tax cuts, causing stocks, the dollar and bond yields to rise.The Republican-controlled Senate voted by 51-to-49, clearing a hurdle for tax cuts that would add up to $1.5 trillion to the federal deficit over the next decade. Russia's central bank will buy gold for its reserves on the Moscow Exchange starting Nov. 1, the regulator said.

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