• Gold prices inched up on Wednesday as the dollar slipped after remarks by U.S. President Donald Trump raised fears of a government shutdown, while investors awaited further direction from a key annual central banking conference this week.
• Spot gold was up 0.1 percent to $1,285.30 an ounce by 0555 GMT, after shedding 0.5 percent in the previous session.
• Elsewhere, markets were bracing for an annual gathering of central bankers at a meeting in Jackson Hole, Wyoming on Thursday and Friday, where Federal Reserve Chair Janet Yellen and European Central Bank chief Mario Draghi are set to deliver speeches on the outlook for monetary policy and interest rates.
• "Most of the people are now looking for hints from the Jackson Hole meeting between the central bankers," said Mark To, head of research at Hong Kong's Wing Fung Financial Group.
• "The most important thing is economic fundamentals...central banks are going to have tightening measures in monetary policies to have normalisation. So I don't have much higher upward momentum for prices," To said.
• "We could see gold possibly move higher...in light of concern that inflation data is running very much on the softer side of estimates," said INTL FCStone analyst, Edward Meir.
• Spot gold may break a support at $1,282 per ounce and fall into a support zone of $1,270-$1,276, Reuters technical analyst Wang Tao said.
• Among other precious metals, silver slipped 0.2 percent to $16.94 an ounce.
Reference: Reuters
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