Gold's price (XAU/USD) is flirting with a near 0.50% gain this Tuesday in the European trading session, with the precious metal trading around $2,910 at the time of writing. US yields are catching up on events after the US President's Day holiday on Monday. Still, Gold is in favor of traders as a safe haven for tariffs and geopolitical uncertainty.
Meanwhile, Federal Reserve Bank (Fed) President of Philadelphia Patrick Harker advocated on Monday night for the central bank to keep interest rates unchanged.
He pointed out that recent inflation reports and gauges are not tracking economic changes that are currently taking place.
Federal Reserve Bank of San Francisco President Mary Daly and Federal Reserve Vice Chair for Supervision Michael Barr will speak later this Tuesday at 15:20 GMT and 18:00 GMT, respectively.
Source: FXStreet
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