Gold is higher in early Asian trade after the Fed warned of uncertainty to the economy coming from tariffs. The precious metal tends to perform well during periods of economic uncertainty. However, price gains may be capped by expectations of a meeting between U.

Gold prices climbed back above $3,400 an ounce Wednesday afternoon, after ending the regular trading session with a loss, after the Federal Open Market Committee said it "basically sees higher risks of stagflation,

Gold futures fell early Thursday on a stronger U.S. dollar, optimism for a U.S.-U.K. trade deal and some lingering disappointment after the Federal Reserve left interest rates unchanged. Futures were down 1.