Gold edges lower in early Asian trade on possible position adjustments. However, gold's losses could be limited by safe-haven demand tied to worries about the Fed's independence and risks over France's political situation.
U.S. President Trump's move to dismiss Fed Governor Cook has injected uncertainty over the Fed's independence, IG's Axel Rudolph says in an email.
Also, the French prime minister's austerity plan and looming confidence vote on Sept. 8 have stoked risks of a potential government collapse, the senior technical analyst adds. Spot gold is 0.1% lower at $3,390.64/oz.
Source: Bloomberg
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