Gold Inches Down; Investors Shift Focus To Jackson Hole Summit - Indian Stock Market Tips

Gold edged lower on a firm dollar early on Wednesday, with investors looking for direction from geopolitical headlines and a key annual central banking conference this week in Jackson Hole in the United States.

Fundamentals

* Spot gold slipped 0.1 percent to $1,283.10 an ounce by 0111 GMT, after shedding 0.5 percent in the previous session.

* U.S. gold futures for December delivery were down 0.2 percent at $1,288.70 per ounce.

* The European Central Bank's ultra-easy monetary policy may actually reduce income inequality in Europe, rejecting the argument that asset buys disproportionately benefit the wealthy.

* The mood among German investors fell for the third month running in August, a survey showed on Tuesday, linking the drop to an emissions scandal engulfing the country's car industry.

* British employers willingness to hire and invest has fallen to its lowest since last year's vote to leave the European Union, a survey by the recruitment industry showed on Wednesday.

* While Britain toils over its messy divorce with the European Union, France's president Emmanuel Macron is embarking on a drive to deepen the economic integration of a bloc he says needs to be more protective of its citizens.

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