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.

Fed chair Jerome Powell will deliver remarks at Jackson Hole on Friday. State Street's chief strategist lays out what investors should listen for.

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.

The U.S. dollar inched upward on Thursday, trading just below a one-week high as investors prepared for the Federal Reserve’s Jackson Hole symposium. By 04:40 ET (08:40 GMT), the Dollar Index, which tracks the greenback against six major currencies,