The Zhitong Finance App learned that on Tuesday, the price of gold futures rose sharply by more than 1% because investors sought safe haven assets after the US Senate passed President Trump's tax and expenditure bill. Analysts expect the bill will increase the US fiscal deficit by more than $3 trillion over the next ten years. Spot gold for July delivery on the New York Mercantile Exchange closed up 1.3% to $3336.70 an ounce, the biggest one-day dollar increase and percentage increase since June 13; July spot silver futures closed up 0.6% to $36.082 an ounce.

The Zhitong Finance App learned that on Tuesday, the price of gold futures rose sharply by more than 1% because investors sought safe haven assets after the US Senate passed President Trump's tax and expenditure bill. Analysts expect the bill will increase the US fiscal deficit by more than $3 trillion over the next ten years. Spot gold for July delivery on the New York Mercantile Exchange closed up 1.3% to $3336.70 an ounce, the biggest one-day dollar increase and percentage increase since June 13; July spot silver futures closed up 0.6% to $36.082 an ounce.