Gold prices fell and the US dollar rose after comments from a Federal Reserve spokesman left investors wary ahead of the Fed’s conference later this week.
And spot gold fell 0.1 percent to $1,746.18 an ounce after rising 0.7 percent in the previous session.
US gold futures also fell 0.1 percent to $1,769.20.
The dollar has recently stabilized near its peak against rival currencies, making gold more expensive for holders of other currencies.
Federal Reserve Chairman Jerome Powell is scheduled to speak at the annual conference of world central banks in Jackson Hole on Friday.
The Fed has raised interest rates 4 times since the start of this year, with inflation at its highest level in 41 years.
Among other precious metals, spot silver shed 0.6% to $19.05 an ounce, platinum shed 0.4% to $875.95 and palladium shed 0.2% to $1976.28.
Source: El Iktisad
