COMEX gold is holding steady near lifetime high levels amid sustained safe haven flows as trade war woes fuel inflation concerns. The counter is trading at $2947.70 an ounce, down 0.28% on the day but just short of crossing the next psychological 3k mark. Meanwhile, Fed speaker Atlanta Fed President Raphael Bostic said he sees two rate cuts this year and emphasizes that the economy is not facing a new burst of inflation. St. Louis Fed President Alberto Musalem sees some policy shifts and increased risks of inflation stalling above the Fed's 2% goal. US data showed initial jobless claims for the week ending February 15 increased by 219K, exceeding forecasts of 215K.

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