US gold futures for December delivery slipped 0.1% to $1,293.30 per ounce. Photo: AFPBengaluru: Gold nudged lower on Thursday, giving up some of its gains made after U.S. President Donald Trump’s threat of a government shutdown, with investors remaining focused on a major central bankers conference in Jackson Hole. Spot gold was down 0.1% at $1,287.87 an ounce, as of 9.40am, after gaining 0.4% in the previous session. It’s going to be trading in a very tight range,” said Richard Xu, a fund manager at China’s biggest gold exchange-traded fund, HuaAn Gold. Among other precious metals, silver was nearly unchanged at $17.02 an ounce, while platinum edged 0.3% lower to $973.00 an ounce.

Source: Mint August 24, 2017 04:07 UTC