Gold stalls
Bengaluru : Gold was little changed on Tuesday amid a steady dollar, with investors considering the potential impact of a sweeping tax legislation in the United States that Congress appeared all but certain to pass this week.
Spot gold was steady at $1,261.41 an ounce as of 0346 GMT, while U.S. gold futures were down 0.1 percent at $1,264.80 an ounce. Two Senate Republican holdouts agreed on Monday to support the tax overhaul backed by President Donald Trump, with the House of Representatives set to vote on Tuesday and the Senate either later on Tuesday or on Wednesday. The dollar remained mired in its recent ranges, as optimism that the bill would pass duelled with concerns about what its ultimate effect on growth would be. "I would expect the dollar to move higher ahead of the passage of the bill and then move lower as investors assess the impact on the U.S. economy," said Ronald Leung, chief dealer at Lee Cheong Gold Dealers in Hong Kong.
-
Worst Cricket Moments That Shocked The Game -
Prince Harry, Meghan Markle Reach A Crossroads: ‘You Could Lose Everything’ -
F1 Title Race: Who Will Win 2026 Drivers’ And Constructors’ Championships? -
New Observatory Sends 800,000 Asteroid Alerts In One Night -
Cher’s Son Elijah Blue Allman Apprehended On Two Counts Of Assault At Elite Prep School -
Beatrice, Eugenie Now Face Andrew, Sarah's ‘nightmares’: 'They're Hugely Conflicted' -
X Debuts Topic Filtering To Help Users Shape Their ‘For You’ Recommendations -
Scientists Built World's First Computer That Learns Like Human Brain -
Robert Carradine’s Daughter Makes Bombshell Confession As Actor's Death Cause Confirmed -
Beatrice, Eugenie Put On Blast: ‘Only Nitwits Wouldn’t See An Association With A Pedophile As Toxic’ -
OpenAI Defies Industry Pressure, Secures Guardrails Under New US Defense Department Pact -
'Sinners' Delroy Lindo Breaks Silence On BAFTA's Tourette’s Incident At NAACP Image Awards -
Billy Joel Admits Cancelling Of Tour Due To Brain Disorder 'sounds A Lot Worse' Than It Is -
US And Israeli Strikes On Iran: Everything You Need To Know -
US Strikes On Iran Ignite Emergency Push For Powers Legislation: Report -
Kelly Osbourne's Mom Sharon Receives 'shut Up' Call Accepting An Award For Late Hubby?