Gold edges higher in early Asian trade. The latest U.S. economic data showed improving conditions for a Fed rate-cut, ANZ Research analysts say in a note.

The U.S. initial jobless claims data released overnight pulled back from a 10-month high last week, the analysts note. Higher rates typically reduce the appeal of the non-interest-bearing bullion. However, the analysts also note comments from Fed Gov. Neel Kashkari who said it would probably take two years to get inflation back to the Fed's 2% target.

Spot gold is up 0.1% at $2,362.15.

Source: Marketwatch