Gold prices edged lower on Wednesday, as market players looked ahead to comments from Federal Reserve Chair Jerome Powell for further hints into the outlook for monetary policy in the months ahead.
Comex gold futures were at $1,317.15 a troy ounce by 8:00AM ET (13:00 GMT), down $2.05, or around 0.15%.
Meanwhile, spot gold was trading at $1,313.21 per ounce, down $2.08, or 0.15%.
Powell is scheduled to deliver opening remarks and answer questions on monetary policy at a town hall meeting with teachers in Washington, D.C., on Wednesday evening.
Source : Investing.com