Spot gold was abiding at $2,625.48 per ounce, as of 0259 GMT, afterwards hitting its everyman aback Nov. 18 beforehand in the session.
U.S. gold futures belted 0.3% college to $2,625.80.
"Despite the continued sell-off yesterday, gold is captivation up almost well, which suggests some safe-haven demand," said Matt Simpson, chief analyst at City Index, abacus "we could see added turbulence ahead, abnormally with Trump aback in focus."
Trump vowed ample tariffs on Canada, Mexico, and China — risking barter wars.
Gold is commonly advised a safe haven advance during periods of bread-and-butter and geopolitical uncertainty, including barter wars and added conflicts.
Meanwhile, Federal Reserve Bank of Minneapolis President Neel Kashkari, about on the advancing end of the U.S. axial bank's action spectrum, said he is accessible to acid ante afresh abutting month.
According to the CME Group's Fed Watch Tool, markets currently appraisal a 55.9% adventitious of a 25-basis-point U.S. Federal Reserve amount cut in December.
Traders will accumulate an abutting eye on U.S. customer aplomb abstracts and the account from the Fed's November affair after today, as able-bodied as the aboriginal afterlight of GDP and amount PCE abstracts are set to be appear after this week.
"I apprehend gold to barter in a attenuated ambit in the abbreviate term, with a slight advancement drift," Simpson added.
On the geopolitical front, U.S. President Joe Biden and French President Emmanuel Macron are set to advertise an armistice in Lebanon amid Hezbollah and Israel, according to four chief Lebanese sources.
Spot argent was collapsed at $30.29 per ounce, platinum afford 0.2% to $937.05, and aegis was up 0.3% at $975.65.
