- Markets eye Fed's Jackson Hole symposium for policy hints
- Minutes of the Fed's July policy meeting due later in day
- Zelenskiy hails summit with Trump as a step towards peace
Aug 20 (Reuters) - Gold edged higher on Wednesday but remained near a three-week low as the dollar strengthened, while investors awaited the Federal Reserve's Jackson Hole symposium later this week for potential signals on monetary policy.
Spot gold was up 0.2% at $3,321.83 per ounce, as of 0601 GMT, after reaching its lowest level since August 1.
U.S. gold futures for December delivery rose 0.2% to $3,364.30.
A stronger dollar and improving risk appetite from recent geopolitical developments are weighing on gold prices, with markets looking out for Fed Chair Jerome Powell's speech in Jackson Hole, OANDA senior market analyst Kelvin Wong said.
U.S. gold futures for December delivery rose 0.2% to $3,364.30.
A stronger dollar and improving risk appetite from recent geopolitical developments are weighing on gold prices, with markets looking out for Fed Chair Jerome Powell's speech in Jackson Hole, OANDA senior market analyst Kelvin Wong said.
Gold typically performs well in a low-interest-rate environment and amid heightened uncertainties.
Meanwhile, U.S. President Donald Trump ruled out deploying ground troops to Ukraine on Tuesday but suggested air support could be part of a deal to end Russia's war in the region.
Ukrainian President Volodymyr Zelenskiy hailed the White House talks as a "major step forward" towards ending Europe's deadliest conflict in 80 years and setting up a trilateral meeting with Russian President Vladimir Putin and Trump.
Elsewhere, spot silver fell 0.5% to $37.20 per ounce, platinum gained 0.6% to $1,314.25 and palladium was down 0.6% to $1,108.25.
Reporting by Anmol Choubey in Bengaluru; Editing by Subhranshu Sahu and Rashmi Aich
Source: Reuters