Gold tops $3,300 as weaker dollar and U.S. fiscal uncertainty boost demand

Gold prices surged to their highest level in over a week, climbing above $3,300 per ounce as a weaker U.S. dollar and fiscal uncertainty in Washington drove investors toward safe-haven assets.

Gold futures on the COMEX exchange rose 0.68% to $3,306.84 per troy ounce.

Silver futures also gained, rising 0.36% to $33.295 per ounce.

Market sentiment was influenced by ongoing U.S. congressional debates over a sweeping tax reform bill, raising concerns over fiscal stability.