The Trump tax reform bill has raised concerns about the US deficit, and the US dollar continues to weaken

BlockBeats News: On July 2nd, after the US Senate passed President Trump's trillion dollar tax bill, investors expressed concerns about the US fiscal situation, and gold continued to rise. The gold price remained around $3340 per ounce, up 2% in the previous two trading days. The latest version of the presidential signature bill, which is expected to expand the deficit by $3.3 trillion over the next 10 years, is currently awaiting approval in the House of Representatives. If approved, this could benefit the attractiveness of gold as a safe haven, as investors are already rethinking their allocation of US assets in response to Trump's destructive trade and economic agenda. The continued weakness of the US dollar, which is currently at its lowest level since 2022, continues to support gold prices, offsetting the pressure of rising US treasury bond yields after a report on Tuesday showed that US job vacancies increased. (Golden Ten)