Spot gold rose 0.1% to $2,461.27 per ounce, as of 0218 GMT.
Fed Governor Christopher Waller and New York Fed President John Williams both noted the shortening horizon toward looser monetary policy.
Separately, Richmond Fed President Thomas Barkin said he is "very encouraged" on broadening declines in inflation.
"Over the next 6-12 months, regardless of who wins the (U.S.) election, we see gold rising to $2700-$3000 and silver to $38," Citi Research said.
Spot silver rose 0.2% to $30.35, platinum steadied at $994.81 and palladium gained 0.4% to $955.77.
Persons:
Ryan McIntyre, Christopher Waller, John Williams, Thomas Barkin, CME's
Organizations:
Sprott Asset Management, Holdings, New York Fed, Richmond Fed, Federal, Citi Research, Investors, U.S
Locations:
U.S, ., China