Gold prices edged up, as of this writing, trading at $303.

Prices have been hovering near record highs since U.S. President Donald Trump announced tariffs on all auto imports, escalating trade tensions and boosting demand for safe-haven assets.

Traders are now waiting to see how the dollar will react to Friday's personal consumption expenditures price index data. However, "this data will not be too important considering we just heard from Powell last week - the Fed is in no rush, tariff inflation is 'transitory'," said analysts at Peak Trading Research.
Source: Newsmaker.id