PRECIOUS-Gold edges down, Fed stimulus reduction concerns in focus

Gold market update for Friday, August 23rd: Gold is slightly down in early trading this Friday and trading below a 2-month high set earlier this week. It’s expected gold will end the week down slightly, which is not surprising considering its strength last week. Traders are awaiting further clarification on the direction of U.S. monetary policy. The dollar steadied on rising bond yields (U.S. Treasury yields are currently hovering around a 2-year high of 2.93%). Read more…