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. US 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. For More Information About Commodity Market Please Visit : www.paceresearchindia.com and Call : 8817774774
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