Pakistan, July 4 -- Gold prices edged higher on Friday, heading for a weekly gain, as the passage of U.S. President Donald Trump's sweeping tax-cut and spending bill triggered new fiscal worries. Spot gold rose 0.1% to $3,329.67 per ounce in early trade, while U.S. gold futures slipped slightly by 0.1% to $3,339.30.

The bill, which cleared Congress on Thursday, includes permanent tax cuts and funding for Trump's immigration agenda. It's projected to add $3.4 trillion to the national debt over the next decade, according to the Congressional Budget Office. Analysts say such fiscal expansion may weaken the dollar and boost gold in the long run.

Marex analyst Edward Meir noted that the U.S. is "not making any progress on getting our fiscal ...