India, May 21 -- The price of gold extended the strong upward move seen over the two previous sessions on Wednesday amid U.S. fiscal uncertainty as President Donald Trump's sweeping tax bill inches through Congress.
Gold for May delivery jumped $29 or 0.9 percent to $3,309.30, surging by more 4.0 percent over the past three sessions.
The precious metal continued to benefit from a decrease in the value of the U.S. dollar, with the U.S. dollar index sliding by 0.7 percent.
Trump's sweeping tax and spending bill is one step closer to a full vote in the House of Representatives, with economists warning the proposal would add more than $2.5 trillion to the federal debt-currently at an all-time high of $36.8 trillion-over the next decade.
goo...