Aug 19 (Reuters) - Gold prices were little changed on
Tuesday as investors focussed on the Federal Reserve's Jackson
Hole meeting later this week, which could provide insights into
the U.S. central bank's trajectory of interest rate policy.
FUNDAMENTALS
* Spot gold was up 0.1% at $3,334.91 per ounce, as of
0047 GMT. U.S. gold futures for December delivery rose
0.1% to $3,379.40.
* The Jackson Hole conference in Wymoing, set for August
21-23, where Fed Chair Jerome Powell is expected to speak, could
offer more clarity on the economic outlook and the central
bank's policy framework.
* Investors currently assign an 84% probability of a
25-basis-point rate cut at the Fed's September meeting,
according to the CME FedWatch tool.
* Gold, a safe haven asset during the times of geopolitical
and economic uncertainity tends to perform well in low interest
rates environment.
* Minutes from the Fed's July meeting, due on Wednesday, are
also expected to provide further cues on monetary policy.
* U.S. President Donald Trump told President Volodymyr
Zelenskiy on Monday that the United States would help guarantee
Ukraine's security in any deal to end Russia's war there, though
the extent of any assistance was not immediately clear.
* Trump said it was a "very good" meeting and he had begun
arrangements for a meeting between Russian President Vladimir
Putin and Zelenskiy after a subsequent call with Putin.
* The Zelenskiy meeting came after an Alaska summit between
Trump and Putin that failed to yield an agreement. Trump after
the Alaska talks with Putin appeared more aligned with Moscow on
seeking a full peace deal instead of a ceasefire first.
* Elsewhere, spot silver rose 0.2% to $38.07 per
ounce, platinum gained 0.3% to $1,327.30 and palladium
was down 0.9% to $1,112.03.
DATA/EVENTS (GMT)
1230 U.S. Housing Starts Number July