Gold on MCX settled down -0.61% at 29105 fell as strength in the dollar pressured the precious metal into giving back all of the previous session’s gains and then some. Meanwhile traders continue to gear up for the meeting of global central bankers at Jackson Hole, Wyoming later in the week. The Jackson Hole symposium will be highlighted by remarks from Fed Chair Janet Yellen, who is expected to drop clues about the next move for the Fed.

Trading Ideas:

* Gold trading range for the day is 28924-29328.

* Gold prices slipped pressured by a stronger dollar, while investors focused on North Korea tensions and remained cautious ahead of meeting in Jackson Hole.

* Investors are likely to continue to fret over the latest headlines coming out of Washington after political developments shook the market last week.

* All of Fed’s 12 regional banks wanted to hold steady the rate commercial banks are charged for emergency loans ahead of the U.S central bank's last policy meeting.

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