Gold is steady in the early Asian session, underpinned by concerns over the U.S. fiscal deficit.
The U.S. Senate passed President Trump's tax-and-spending megabill on Tuesday, with the bill now returning to the House of Representatives. The "bill is expected to widen the deficit by US$3.3 trillion over the next decade," Exness' Van Ha Trinh says in an email. "At the same time, uncertainty surrounding global trade persists," the financial markets strategist says.
The precious metal could be supported by increasing investors' worries and uncertainty, the strategist adds. Spot gold is steady at $3,339.49/oz.
Source: Marketwatch
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