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By 05:51 GMT, spot gold was down 0.3% to 1494.76 dollars an ounce.
And lost D & # 39; gold About 1.3% since the beginning of the week, on the way to the largest weekly percentage decline since March 29, and gold has fallen by US Futures 0.3 percent to 1504.40 dollars an ounce.
The market is closely following a speech by the President of the US Federal Reserve, Jerome PowellAt the Jackson Hole Symposium later in the day (1400 GMT), the clarification of monetary policy after the minutes of the US Central Bank meeting in July lessened the hope of a sharp reduction interest rates.
Brian Lan, Managing Director of Gold Silver Central Trading in Singapore "There is no clear direction on what the Fed does, so people are reluctant to take a stand before having specific answers … Some people sell the metal for profit. "
Divisions have been strengthened within central AmericaTwo officials said after Reserve CouncilOn Thursday, the US economy does not need more stimulation at the moment, while another says it is open to the problem.
Waiting for a market US bondsThe yield curve for the two- and ten-year Treasury bonds briefly returned to the coup yesterday, preceding several times a recession in the United States.
For other precious metals, silver fell 0.1% to $ 16.99 an ounce, while platinum rose 0.2% to $ 858.97 to stay on course for a weekly gain.
Palladium dropped 0.3% to $ 1482.50 an ounce, but the metal used for auto-catalysis is heading for the third week in a row, gaining 2.5% since the start of the week.
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By 05:51 GMT, spot gold was down 0.3% to 1494.76 dollars an ounce.
Gold has lost about 1.3% since the start of the week and is heading toward the biggest weekly percentage decline since March 29, and gold in US futures has declined by 0%. , 3% at $ 1504.40 an ounce.
Federal Reserve Chairman Jerome Powell will closely follow the Jackson Hole symposium later in the day (14:00 GMT) to clarify his monetary policy, following a report from the July US Central Bank meeting that cushioned the hopes of strong rate cuts. Interest
"There is no clear direction on what the Fed is doing, so people are reluctant to take a stand before having specific answers," said Brian Lan, managing director of Gold Silver Central Trading in Singapore. Some people sell the metal for profit. "
Divisions within the US central bank were strengthened after two Fed officials said Thursday that the US economy no longer needed a stimulus, while another said it was open to question .
At the same time, in the US bond market, the yield curve for 2 and 10-year Treasury bonds declined briefly yesterday, several times before in the United States.
For other precious metals, silver fell 0.1% to $ 16.99 an ounce, while platinum rose 0.2% to $ 858.97 to stay on course for a weekly gain.
Palladium dropped 0.3% to $ 1482.50 an ounce, but the metal used for auto-catalysis is heading for the third week in a row, gaining 2.5% since the start of the week.
