On Friday, gold prices traded unchanged as the U.S. House of Representatives passed its version of sweeping tax cuts and investors weighed possible changes in fiscal policy against the impact of an expected rise in U.S. interest rates. The House passed a bill to cut federal tax rates on corporations, small businesses and individuals. The U.S. Senate has yet to vote on its version the bill. Markets see a 96.7 percent chance of the U.S Federal Reserve raising rates at its Dec. 13 meeting, CME Group's Fed Watch showed. It would be the Fed's third rate increase this year. On the MCX, gold prices declined marginally by 0.02 percent to close at Rs .39799 per kg.
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