Gold rises in early Asian trade as the macro environment becomes more supportive, with softer U.S. data, easing yield pressures and a less consistently strong U.S. dollar helping precious metals regain momentum, according to OCBC Group Research.

While Warsh's Jackson Hole speech may temporarily limit near-term upside on concerns of Fed rate hikes, it doesn't substantially affect the broader picture, including structural supports like central bank demand for gold and persistent supply constraints in silver, OCBC adds.

Spot gold is 0.1% higher at $4,453.66 a troy ounce.