August 23, 2017 / 1:19 AM / a year ago

PRECIOUS-Gold inches down; investors shift focus to Jackson Hole summit

    BENGALURU, Aug 23 (Reuters) - Gold edged lower on a firm
dollar early on Wednesday, with investors looking for direction
from geopolitical headlines and a key annual central banking
conference this week in Jackson Hole in the United States. 
    * Spot gold        slipped 0.1 percent to $1,283.10 an ounce
by 0111 GMT, after shedding 0.5 percent in the previous session.
    * U.S. gold futures         for December delivery were down
0.2 percent at $1,288.70 per ounce.
    * Asian stocks edged higher on Wednesday to extend a global
rally spurred by gains for tech shares on Wall Street and miners
in Europe, while the dollar was buoyant against the euro and yen
ahead of the Jackson Hole gathering later in the week.
    * The United States on Tuesday imposed new North
Korea-related sanctions, targeting Chinese and Russian firms and
individuals for supporting Pyongyang's weapons programmes, but
stopped short of an anticipated focus on Chinese banks.
    * The U.S. Air Force may intensify its strikes in
Afghanistan and expand training of the Afghan air force
following President Donald Trump's decision to forge ahead with
the 16-year-old war, its top general told Reuters on Tuesday.
    * All of the Federal Reserve's 12 regional banks wanted to
hold steady the rate commercial banks are charged for emergency
loans ahead of the U.S central bank's last policy meeting,
minutes from a discussion of the discount rate showed on
    * The European Central Bank's ultra-easy monetary policy may
actually reduce income inequality in Europe, ECB Vice President
Vitor Constancio said on Tuesday, rejecting the argument that
asset buys disproportionately benefit the wealthy.             
    * The mood among German investors fell for the third month
running in August, a survey showed on Tuesday, linking the drop
to an emissions scandal engulfing the country's car industry.
    * British employers' willingness to hire and invest has
fallen to its lowest since last year's vote to leave the
European Union, a survey by the recruitment industry showed on
    * While Britain toils over its messy divorce with the
European Union, France's president Emmanuel Macron is embarking
on a drive to deepen the economic integration of a bloc he says
needs to be more protective of its citizens.                    

     0700    Speech by ECB President Mario Draghi in Germany 
     0700    France        Markit manufacturing flash PMI    Aug
     0730    Germany       Markit manufacturing flash PMI    Aug
     0800    Euro zone     Markit manufacturing flash PMI    Aug
     1345    U.S.          Markit manufacturing flash PMI    Aug
     1400    Euro zone     Consumer confidence flash         Aug
     1400    U.S.          New home sales                    Jul

 (Reporting by Apeksha Nair in Bengaluru; Editing by Joseph
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below