Investors have all eyes fixed on the Federal Reserve’s annual economic symposium in Jackson Hole, Wyo., as the Fed charts the future direction of the monetary policy in what could be a defining moment for the market’s summer story.

Gold prices edged lower on Thursday as the dollar strengthened, while investors awaited U.S. Federal Reserve Chair Jerome Powell's speech at the Jackson Hole symposium for signals on U.S. policy direction.

Key Takeaways Federal Reserve officials and their global colleagues often deliver remarks at the Jackson Hole Symposium that have implications for interest rates.Federal Reserve Chair Jerome Powell’s speech on Friday will command attention,

Gold edged down as investors awaited the Federal Reserve’s Jackson Hole gathering for clues on the path for US interest rates.Bullion traded around $3,340 an ounce, paring some of the gains made on Wednesday when President Donald Trump’s call for Fed Governor Lisa Cook to resign bolstered haven demand.