Gold edges higher in early Asian session, supported by fears of a global economic slowdown that could be spurred by tariffs.

President Trump on Tuesday threatened to double tariffs on Canadian metals, but later rescinded the threat after Ontario province backed off of a surcharge on U.S.-bound electricity.

There are growing worries over a potential economic slowdown in the U.S., FlowCommunity's Ruben Ferreira says in an email.

Markets are awaiting U.S. inflation data this week, where any softer-than-expected figures might prompt the Fed to adopt a more dovish tone and consider cutting rates sooner, which could support gold, the head of Portuguese Operations says. Spot gold is 0.1% higher at $2,917.14/oz.

Source: Marketwatch