MTECHTIPS;-Gold nudges lower but stays near $1,300 ahead of Jackson

MTECHTIPS;-Gold nudges lower but stays near $1,300 ahead of Jackson Hole gatheringTransformers: The Last Knight movie

MTECHTIPS-Gold prices nudged lower on Thursday, but held near the $1,300-level as market players awaited comments on monetary policy from the Jackson Hole meeting set to begin later in the day. An annual meeting of top central bankers and economists hosted by the Federal Reserve Bank of Kansas City in Jackson Hole, Wyoming, is set to take place from Thursday to Saturday. The focus will be on speeches from Federal Reserve Chair Janet Yellen and European Central Bank President Mario Draghi on Friday. Their comments will be closely watched for fresh policy signals from the world’s two most powerful central banks. Comex gold futures slipped $1.10, or around 0.1%, to $1,293.64 a troy ounce by 2:50 AM ET (0650 GMT). The yellow metal rose to its highest level since November at $1,306.90 late last week. Gold prices added about 0.3% on Wednesday, as U.S. political developments kept investors on edge and supported safe-haven demand for the precious metal
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