Gold Prices Up In Asia As Trump Proposes Bipartisan Push To Congress
Gold prices rose in Asia on Wednesday as President Donald Trump urged bipartisan cooperation on overhauling US immigration policies and rebuilding infrastructure in an address to Congress on Tuesday night.
“So tonight I am extending an open hand to work with members of both parties, Democrats and Republicans, to protect our citizens, of every background, color, and creed,” Trump said in prepared remarks.
Ahead of Trump’s speech, Republicans and Democrats were deeply divided over immigration, which has been linked to congressional efforts to pass a spending bill. Lawmakers face a Feb. 8 deadline to reach a compromise on the issue and pass a new budget measure to avoid a second government shutdown after a brief closure earlier this month.
Gold futures for February delivery on the Comex division of the New York Mercantile Exchange rose 0.10% to $1,336.80 a troy ounce.
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