Gold rose for a second day as investors weighed President Donald Trump's tax bill, which is expected to widen the US deficit. Bullion rose as much as 1.7%, paring losses from the past two weeks, while US stocks weakened and the dollar hovered near a three-year low. The US Senate passed a bill that combines $4.5 trillion in tax cuts with $1.2 trillion in spending cuts. The US government's push for a spending bill means that "fiscal risks are likely to come to the fore," analysts at Commerzbank AG said in a note, potentially benefiting bullion's safe-haven appeal. Gold's gains eased...
Oil prices edged higher on Tuesday as investors weighed positive demand indicators while also remaining cautious ahead of an OPEC+ meeting to decide the group's output policy in August. Brent crude rose 18 cents, or 0.3%, to $66.92 a barrel by 11:36 a.m. ET (1536 GMT), while U.S. West Texas Intermediate crude rose 27 cents, or about 0.4%, to $65.38 a barrel. The gains were likely driven by supportive data from a private sector survey in China, which showed factory activity picked up again in June, said Randall Rothenberg, risk intelligence strategist at U.S. oil broker Liquidity...
Gold prices rose more than 1% on Tuesday as investors sought safe-haven assets after US President Donald Trump's "big, beautiful bill" passed the Senate, ahead of a July 9 trade tariff deadline. Spot gold rose 1.1% to $3,338.24 an ounce, as of 2:25 p.m. EDT (1825 GMT), its highest since June 24. US gold futures settled 1.3% higher at $3,349.8. The Republican-controlled US Senate voted on Tuesday to pass a sweeping tax-cut and spending bill demanded by Trump, which would slash some social service programs. "The budget bill that passed is encouraging as it looks to contribute to a $3...