President Biden, GOP House Speaker McCarthy reach ‘agreement in principle’ on two-year debt limit deal

This is "agreement" already has many critics from both sides, some saying certain "concessions" are non-negotiable .... we shall see .... This version of a sh#t sandwich will ultimately be accepted so the battle lines for next year will be sharpened and who knows, the Orange soufflé may rise again.
What ever the details it wont cure the intractable deficits - both government and private and the massive trade balance, nor will it do anything about the historical overvaluation of the asset market - the stock market is at all time highs and housing has never been more expensive and unaffordable for the IOUSA as well as Australia, the UK and many more places ... and finally, inflation wont be very be "cured" and nothing short of a severe recession (aka depression) will result in deflation.
The FED is simply not goring to risk a revolution, so, soon, it will declare the "war on inflation" to be won, and the temporary rise in the IOUSA "debt ceiling" will just keep rising until the IOUSA has a genuine currency crisis and has to default on its debt.
To prevent this the IOUSA military will continue to wage endless wars to maintain the primacy of the IOUSA dollar .... with friends like the IOUSA who needs enemies ??
So, expect some downward pressure on the US$ gold price, but not on non-US currencies - the A$ will still struggle as inflation remains problematic, the housing crisis remains severe and insoluble (not helped by 400,000 new migrants per year) and the trade problem with China is NOT solved - the idea that we are a leading member of a military alliance intent on provoking war with China over the future of a Chinese province is ridiculous beyond description.
Don't expect non IOUSA countries to surrender their gold for IOUSA paper either !
IOUSA treasures bills are not on paper, but electronic statements like a glorified IOU - thats why the Americans were able to appropriate Russian overseas foreign exchange assets - by freezing (cancelling) Russia's assets. So how would you like if your bank froze or seized your bank accounts, if it didn't like your politics ?? Canada froze the banks accounts of the truckers, so doing say it cant happen.

So, hold your gold, hold your good gold producer shares and wait till the pseudo relief rally gives way to cold hard accounting facts.