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Gold edges higher on Trump tax bill and fresh tariff warnings
Gold (XAU/USD) is trading higher on Friday as news about United States (US) President Donald Trump’s passage of the “Big, Beautiful, Bill” filters through markets. With markets closed in the US in celebration of Independence Day, XAU/USD is trading above $3,330 at the time of writing. Liquidity is expected to remain light in the US following the holiday weekend, which could make bullion sensitive to developments that may influence risk sentiment. Risk appetite improved this week, following reports that the US was making progress in trade talks ahead of the July 9 deadline. However, the mood has shifted slightly ... (full story)