India, July 2 -- Gold extended gains on Wednesday, driven by weakness in the US dollar which is losing value due to ongoing US fiscal concerns and global trade uncertainty.
Front Month Comex Gold for July delivery gained $11.30 (or 0.34%) to $3,348.00 per troy ounce today.
Front Month Comex Silver for July delivery gained $34.40 (or 0.95%) to $36.426 per troy ounce today.
The US Senate passed a mega tax-and-spending bill on Tuesday which will now be debated in the House of Representatives. If the bill becomes a law, it is projected to add $3.3 trillion over the next 10 years to the already-swollen national debt.
As central banks have reduced their dollar exposure in recent days, from January to June period, the US Dollar index has plumm...