U.S. Senate Republicans passed President Donald Trump's massive tax-and-spending bill on Tuesday by the narrowest of margins, advancing a package that would slash taxes, reduce social safety net programs and boost military and immigration enforcement spending while adding $3.

Gold futures jumped more than 1% as investors sought safe-haven assets after the Senate passed President Trump's tax and spending bill, which analysts expect will widen fiscal deficits.

Today’s vote in the U.S. Senate, on Trump’s big bill, was dramatic. In the chamber, it was even more so. The Senate passed its version of President Trump’s massive tax cut and spending cut bill by the narrowest of margins, 51-50. Vice President JD Vance had to break the tie.