Gold traded higher, hitting a daily high of $2625 in Asia amid continued prospects for a Fed rate cut.
Central bank speakers have played down concerns about an end to monetary easing, ANZ Research analysts wrote in a note.
They cited remarks from Chicago Fed President Austin Goolsbee who said interest rates would be significantly lower over the next 12-18 months, as long as inflation continues to fall towards the central bank's 2% target.
In addition, geopolitical factors between Russia and Ukraine also boosted the yellow metal.
Gold prices at the time of this news release were +0.5% at $2,624/Toz.
Source: newsmaker.id
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