In early Asian trading, spot gold held steady at $3,339.49 per ounce, which was supported by concerns about the US fiscal deficit. The US Senate passed President Trump's comprehensive tax and expenditure bill on Tuesday. This big and American bill has now been returned to the House of Representatives. “The bill is expected to increase the deficit by $3.3 trillion over the next decade,” Van Ha Trinh of Exness said in an email. “Meanwhile, uncertainty surrounding global trade persists,” the financial market strategist said. The strategist also said that growing investor concerns and uncertainties could support gold.

In early Asian trading, spot gold held steady at $3,339.49 per ounce, which was supported by concerns about the US fiscal deficit. The US Senate passed President Trump's comprehensive tax and expenditure bill on Tuesday. This big and American bill has now been returned to the House of Representatives. “The bill is expected to increase the deficit by $3.3 trillion over the next decade,” Van Ha Trinh of Exness said in an email. “Meanwhile, uncertainty surrounding global trade persists,” the financial market strategist said. The strategist also said that growing investor concerns and uncertainties could support gold.