Fed's Kashkari is scheduled to speak at a town hall event

Daily December Comex Gold

Daily December Comex Gold

Gold futures for December delivery rose 0.4 percent to $1,335.90 per ounce, around a one-year high.

Meanwhile, the U.S. dollar is on the defensive on Wednesday, especially against the Japanese yen and Swiss franc, indicating risk-averse mood in the broader markets (confirmed by the gold price touching near one-year highs).

North Korea on Sunday conducted its sixth nuclear test, which it said was of an advanced hydrogen bomb for a long-range missile, marking a dramatic escalation of the regime's stand-off with the United States and its allies.

Japan is the world's largest net creditor country, and traders assume Japanese repatriation from foreign countries will eclipse foreign investors' selling of Japanese assets.

Safe-haven government debt was against in demand.

Japanese workers' wages fell in July from a year earlier on a drop in summer bonus payments, casting some doubt on the sustainability of a recent improvement in consumer spending.

Fears of lagging inflation plague other regions as well.

Trump Rescinding DACA Program Protecting Young Immigrants
A stand-alone bill addressing just the "dreamers" seems unlikely to pass the House, given the firm stance of many conservatives. In a post on his Facebook page, Gleason said, "This decision makes tonight's silent candlelight vigil all the more important".

Fed Governor Lael Brainard said on Tuesday the central bank should be cautious about tightening policy further until it was clear inflation was heading towards target. Thirty-day Fed Funds futures are pricing in zero chance of a rate hike in two weeks, and just a one-in-three chance of another move this year.

Fed Board Governor Lael Brainard will also speak on the economic outlook and monetary policy in NY.

Although risk aversion weighed on the dollar/yen, "an unabashedly dovish Brainard was unquestionably the reason" for the deeper move into the 108 level, Stephen Innes, APAC head of trading at OANDA, said in a note.

The, which measures the greenback's strength against a trade-weighted basket of six major currencies, was at 92.23 by 03:51 AM ET (07:51 GMT).

The euro was a touch higher, with edging up 0.1% to 1.1925, holding below the two-and-a-half year high of 1.2069 set last week as investors awaited the on Thursday.

Gold futures continued to soar Tuesday, hitting yearly highs amid geopolitical concerns and signs the Federal Reserve will relent on interest rate hikes. Japan Post Holdings and Recruit Holdings closed up 1.87 percent and 7.77 percent respectively after being added to the index, while Hokuetsu Kishu Paper and Meidensha tumbled 6.12 percent and 6.84 percent after being removed.

The Australian dollar was lower, with sliding 0.19% to 0.7981 after data showing that the country's economy, below forecasts for 0.9%.

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