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Gold slips to four-week low, awaits clues on Fed

Reuters  |  NEW YORK/LONDON 

By Marcy Nicholson and Jan HarveyNEW YORK/LONDON (Reuters) - Gold hit four-week lows on Thursday, under pressure from upbeat U.S. data in the run-up to a speech by Federal Reserve Chair Janet Yellen this week that will be watched for clues on monetary policy.Market players are hoping Yellen will give a clearer signal on the path of U.S. interest rate hikes when she addresses a meeting of central bankers in Jackson Hole, Wyoming, on Friday.As central bankers converged on Thursday for an annual conference on monetary policy, a couple of Fed officials took renewed a push for rate increases, ...

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First Published: Fri, August 26 2016. 00:23 IST
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