Gold prices edged higher on Wednesday as investors shifted their focus to the US fiscal situation and lingering uncertainty ahead of the July 9 deadline for US tariffs to take effect, reports Reuters.
Spot gold was up 0.1 per cent at $3,340.67 per ounce at 1157 GMT. US gold futures were steady at $3,351.10.
"The markets are again focused on the US fiscal situation ... and combined with uncertainty about the July 9 tariff deadline, these create fog for traders, who are directing flows towards safe-haven assets like gold," said Ricardo Evangelista, senior analyst at brokerage ActivTrades.
US Senate Republicans narrowly passed President Donald Trump's tax and spending bill on Tuesday, a package cutting taxes, reducing social safety net programmes and boosting military spending while adding $3.3 trillion to the national debt.
In other precious metals, spot silver gained 0.5 per cent to $36.24 an ounce, platinum rose 2.2 per cent to $1,380.31 and palladium climbed 2 per cent to $1,122.
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