India, June 30 -- Gold prices edged higher on Monday as the dollar stayed under pressure on hopes for Fed rate cuts and investor optimism over global trade negotiations.
Spot gold edged up by 0.3 percent to $3,283.65 per ounce in European trade while U.S. gold futures were up 0.2 percent at $3,294.30.
The dollar wallowed near its lowest in nearly four years against the euro as Senate negotiations continued over President Donald Trump's $4.5 trillion tax-cut package.
The "big beautiful" spending bill would deliver key parts of the president's domestic agenda while making massive cuts to social welfare programs.
The nonpartisan Congressional Budget Office estimates the measure would add nearly $3.3 trillion to U.S. deficits over a decade....