Gold is trading steadily in the early Asian trade, after hitting a record high recently.
The precious metal's recent strength comes as no surprise, given rising global economic uncertainty, says Quasar Elizundia, Pepperstone research strategist in a note. The market continues to show a strong appetite for safe-haven assets, especially with the U.S. Federal Reserve's interest rate decision due later this week, Elizundia says.
A more dovish stance from Fed Chair Powell could boost non-yielding assets, including gold, Elizundia says.
Spot gold is flat at $3,000.58/oz.
Source : Dow Jones Newswires
