It earlier traded at a session low USD1652.85 a troy ounce. Gold was likely to find support at USD1651.45 and resistance at USD1677.45.
US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, rose 0.00% to trade at USD81.72.
Elsewhere on the Comex, Silver for December delivery fell 0.26% to trade at USD30.368 a troy ounce while Copper for December delivery rose 0.07% to trade at USD3.446 a pound.
Attention is now on a meeting of central bankers at Jackson Hole, Wyoming, where Bernanke is due to give a speech on Friday, with investors hoping he will outline plans for another round of monetary easing to kickstart the economy. read How will Fed Ben Bernanke speech in jackson hole august 31 2012
Expectant eyes from around the world will be on Bernanke, looking for assurances that the US economy is solid or, if not, that the Fed is ready to invest more to stimulate growth.
Bernanke used the Jackson Hole venue the past two years to let markets and policymakers know what is on his mind. In 2010, he moved the markets with his signal of “QE2” — a second $600 billion quantitative easing programme aimed at pushing down long-term interest rates.
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