Gold (XAU/USD) edges higher on Wednesday towards $3,311 at the time of writing, with concerns that tensions in the Middle East might spiral out of control again and Trump's fiscal bill not passing Congress. In late trading on Tuesday, CNN reported that Israel is considering targeting nuclear sites in Iran.
While former United States (US) President Joe Biden was able to change Israel's Prime Minister Benjamin Netanyahu's mind, US President Donald Trump has seen his diplomatic efforts fall apart, with markets mulling whether Trump is still able to control Netanyahu.
In the US, President Trump is facing setbacks at home as well as the administration struggles to get enough support to pass through Congress its tax bil.
Frustration arose for Trump at Capitol Hill when speaking with lawmakers who demanded to significantly boost the cap on the state and local tax (SALT) deduction.
Source: FXStreet
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