Gold futures on the COMEX division of the New York Mercantile Exchange fell on Thursday, as investors awaited cues on further interest rate hikes from central bankers' meeting this week.
The most active gold contract for December delivery went down 2.7 dollars, or 0.21 percent, to settle at 1,292 dollars per ounce.
Traders were focused on the three-day annual meeting of central bankers in Jackson Hole of Wyoming state beginning Thursday, where Federal Reserve Chair Janet Yellen and European Central Bank chief Mario Draghi are set to deliver speeches on Friday on the outlook for monetary policy and interest rates.
Traders will be looking for hints from central bankers on any changes to monetary policy.
The metal had little reaction to a report showing that weekly U.S. jobless claims crept up from a six-month low. Existing home sales, meanwhile, slid to their lowest level of the year in July.
As for other precious metals, silver for September delivery fell 8.3 cents, or 0.49 percent, to close at 16.963 dollars per ounce. Platinum for October added 1.7 dollars, or 0.17 percent, to settle at 982.6 dollars per ounce.
The most active gold contract for December delivery went down 2.7 dollars, or 0.21 percent, to settle at 1,292 dollars per ounce.
Traders were focused on the three-day annual meeting of central bankers in Jackson Hole of Wyoming state beginning Thursday, where Federal Reserve Chair Janet Yellen and European Central Bank chief Mario Draghi are set to deliver speeches on Friday on the outlook for monetary policy and interest rates.
Traders will be looking for hints from central bankers on any changes to monetary policy.
The metal had little reaction to a report showing that weekly U.S. jobless claims crept up from a six-month low. Existing home sales, meanwhile, slid to their lowest level of the year in July.
As for other precious metals, silver for September delivery fell 8.3 cents, or 0.49 percent, to close at 16.963 dollars per ounce. Platinum for October added 1.7 dollars, or 0.17 percent, to settle at 982.6 dollars per ounce.
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