Gold edges lower in early Asian trade, ahead of the three-day Jackson Hole symposium that begins Thursday.
Fed Chair Powell's speech on Friday is expected to be an update on the central bank's monetary policy framework, says Jim Wyckoff, a senior analyst at Kitco.com in a commentary. "Powell's speech could give the marketplace a new perspective on how much FOMC support there is to lower U.S. interest rates in September," he says. Higher rates for longer typically blunt non-interest bearing bullion's appeal. Spot gold is 0.2% lower at $3,343.43/oz.
Source: Marketwatch
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