Gold edges lower in early Asian trade on possible position adjustments ahead of major U.S. economic data due later today. Investors are turning to the August PCE inflation report for confirmation of the Fed's policy outlook, Kudotrade's Konstantinos Chrysikos says in an email. "Softer data could raise expectations of a dovish stance from the [U.S.] central bank and benefit non-yielding assets like gold," the head of Customer Relationship Management adds. Spot gold is 0.2% lower at $3,741.60/oz.
Source: Dow Jones Newswires
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