23-05-2025
- Business
- Wall Street Journal
Gold Edges Higher, Supported by Lingering Worries Over U.S. Deficits
2359 GMT — Gold edges higher in the early Asian session, supported by lingering worries over ballooning U.S. deficits, which typically bolster the safe-haven appeal of the precious metal. President Trump's 'big, beautiful bill' passed the House of Representatives on Thursday, paving the way for the bill to go to the Senate. The bill is widely expected to add trillions of dollars to budget deficits in coming years. An absence of new trade 'deals' and continued worries about the U.S.' fiscal trajectory mean that optimism remains hard to find, says Chris Beauchamp, chief market analyst at IG, in an email. Spot is 0.2% higher at $3,299.98/oz. (
