*
Fed's Jackson Hole symposium in Wyoming begins today
*
Trump calls on Fed Governor Cook to resign over mortgage
allegations
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Fed minutes show 'almost all' officials preferred leaving
rates
unchanged
(Updates for Asia midday session)
By Anmol Choubey
Aug 21 (Reuters) - Gold was little changed on Thursday
as investors awaited cues on the Federal Reserve's policy
outlook ahead of the annual economic symposium at Jackson Hole,
Wyoming, which starts later in the day.
Spot gold was down 0.2% at $3,339.97 per ounce, as of
0358 GMT. U.S. gold futures for December delivery also
lost 0.2% to $3,382.40.
The U.S. dollar index rose 0.1%, making
greenback-back priced gold expensive for overseas buyers.
Fed Chair Jerome Powell is expected to deliver a keynote
speech on Friday at the symposium, which will be held from
August 21-23, with investors closely monitoring whether he backs
measures to bolster the labor market or focuses on inflation
risks.
"We don't think gold prices are going to rise significantly
and believe they are consolidating at the moment. Even if
interest rates are cut slightly, we might see a slight uptick in
gold prices, and...the $3,400 mark is possible. If not, then
prices may continue to consolidate or possibly notch a little
lower, closer to $3,300," said Brian Lan, managing director,
GoldSilver Central, Singapore.
Last month, two Fed officials - Vice Chair for Supervision
Michelle Bowman and Governor Christopher Waller - voted for a
quarter-point rate cut to address job market weakness, but their
stance lacked broader support.
The Fed has held rates steady since December, with CME's
FedWatch tool projecting an 85% chance of a quarter-point rate
cut in September.
Gold typically performs well in a low-interest-rate
environment and during times of heightened uncertainty.
U.S. President Donald Trump called on Fed Governor Lisa Cook
to resign over alleged issues related to her mortgages in
Michigan and Georgia, escalating his efforts to gain influence
over the central bank.
Elsewhere, Russia said attempts to resolve security issues
relating to Ukraine without Moscow's participation were a "road
to nowhere".
Spot silver was down 0.1% to $37.85 per ounce,
platinum fell 0.4% to $1,334.58 and palladium shed
0.5% to $1,108.84.