• Gold was unchanged early Friday, with investors awaiting directional clues from speeches due later in the day at a gathering of central bankers in the United States.
Spot gold was unchanged at $1,286.48 an ounce by 0343 GMT, after dropping nearly 0.3 percent in the previous session.
• "Gold markets are basically in a holding pattern. They would be carefully scrutinising comments from the Federal Reserve and European Central Bank officials as to the their outlook for inflation, and resultant monetary policy stance," John Sharma, Economist at National Australia Bank said.
• Fed Chair Janet Yellen and ECB President Mario Draghi are set to speak later in the day at the central bankers symposium in Jackson Hole, Wyoming.
Although no new policy messages are expected from either, investors will be watching for clues on outlook for monetary policy and interest rates.
• The dollar was buoyant against the yen on Friday as some participants bought back the currency to square positions ahead of the Jackson Hole meeting.
• "Political uncertainty remains high and continues to provide a strong level of support to prices. Trump's barrage of tweets during negotiations over the debt ceiling continues to fuel a level of uncertainty in the market," ANZ analyst Daniel Hynes said in a note.
• Spot gold looks neutral in a range of $1,282-$1,289 per ounce, and an escape could suggest a direction, Reuters technical analyst Wang Tao said.
• Among other precious metals, silver edged up 0.2 percent at $16.96 an ounce.
Reference: Reuters
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