Greece Retail Sales (YoY) down to 4.5% in January from previous 5.1%

Gold edges higher following Monday’s choppy action and trades in positive territory above $4,500 on Tuesday as the risk mood improves on reports claiming that US President Trump is willing to wind down the military campaign against Iran, even if the Strait of Hormuz remains largely closed. However, growing expectations for a hawkish shift in the Fed’s policy outlook caps XAU/USD’s upside.