Gold is trading higher for the third straight day as investors await Fed Chairman Jerome Powell's Senate hearing.

Topics such as the withdrawal of stimulus and the increase in interest rates scheduled for March are expected to be addressed.

The jurist, who is now going for a second term at the Fed's helms, is also expected to be asked by senators about the impact of the pandemic on the country's economic recovery, and the challenge of inflation, which in November rose more than 6%, is another of the inevitable topics.

Right now, gold is advancing 0.40%, with the ounce worth $1,808.82. Silver (+0.79%) and platinum (+0.95%) are up, driven mostly by the falling dollar (the currency in which precious metals are traded).