Gold slips below $3380 ahead of Fed Jackson Hole meet

Gold drifted under $3380 per ounce in Asian trade on Thursday as traders stayed cautious ahead of the Federal Reserve?s annual Jackson Hole symposium. All eyes are on Fed Chair Jerome Powell?s remarks for fresh clues on the monetary policy path, with minutes from the last meeting showing officials still concerned about inflation and labor market strength. The dollar index held firm near 98.1, adding further pressure on the yellow metal. On the domestic front, MCX October bullion futures slipped 0.13% to ₹99172 per 10 grams, as investors braced for potential pushback against expectations of near-term easing.

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