Gold fell on Thursday as investors remained cautious ahead of the Jackson Hole symposium and awaited further remarks by Fed Chairman Jerome Powell on Friday for signs of a potential rate cut.
At 9:30 a.m., gold was at $3,337.71, unchanged since opening early Friday in Asian trading.
Market sentiment remained cautious ahead of the latest indications of the September FOMC meeting, following a weak payrolls report earlier in the month. The data raised bets for another rate cut.
However, expectations eased after the release of the July Fed minutes.
The market now pegs a high chance of policy easing at the September meeting at 80%.
Gold is up more than 25% year-to-date, hitting a record high in April.
Since then, gold has held steady amid concerns over President Donald Trump's trade war, concerns about global economic growth and geopolitical tensions.
