Gold edges higher in early Asian trade, as investors digest the Fed's latest policy meeting minutes. The precious metal appears to be supported by the central bank's minutes, with the Fed uncertain what the economic environment will look like in terms of inflation.
Escalating trade tensions have also increased demand for safe-haven assets like gold, says Harbourfront Wealth - Sonora Wealth Group in a note. Trump's recent proposal to impose an additional 25% on auto imports has raised market volatility, with major economies including China expected to impose retaliatory measures, investment advisor Miro Svoboda says.
Spot gold is up 0.1% at $2,937.03/oz.
Source : Dow Jones Newswires
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