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St. Louis Fed President James Bullard is set to speak at 13:35GMT, or 9:35AM ET, on Tuesday to the Gateway Chapter of the National Association for Business Economics.
Fed Governor Daniel Tarullo is due to give remarks at 13:15GMT, or 9:15AM Et, on shadow banking, while Minneapolis Fed President Neel Kashkari is expected to give remarks at 21:30GMT, or 5:30PM ET, on the economy and the role of the Federal Reserve System.
Gold on Tuesday held near lows touched in the previous session as Asian stocks rallied and markets assessed whether the latest U.S. jobs data has boosted the prospects for an interest rate hike by the U.S. Federal Reserve.
Spot gold was little changed at $1,354.20 per ounce by 0640 GMT. It fell 0.8 percent on Monday, its biggest decline in nearly two weeks, to close at $1,354.85.
Asian stocks hit a 2-1/2-month peak on Tuesday, a day after Wall Street shares rose to a record high on a combination of upbeat U.S. data and expectations of more stimulus from global policymakers.
Losses were limited amid speculation central banks in some of the world’s leading economies will step up monetary stimulus in the near-term to counteract the negative economic shock from the Brexit vote.
Expectations of monetary stimulus tend to benefit gold, as the metal is seen as a safe store of value and inflation hedge.
Gold was coming under pressure after strong non-farm payrolls data that had boosted some expectations for a U.S. rate hike, said Mark To, head of research at Hong Kong's Wing Fung Financial Group.
"In the near-term there should be some resistance for prices," To said. "However, there should not be much downward pressure after the pullback as the U.S. Fed will not raise interest rates anytime soon."
Kansas City Federal Reserve President Esther George said on Monday U.S. interest rates are too low and signalled she could be ready to restart her push for rate hikes within the Fed's rate-setting committee.
Reference: Reuters,Investing
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