Bengaluru — Gold prices edged lower on Thursday, with the dollar steady as markets looked to a meeting of the European Central Bank (ECB) later in the day for clues on the outlook for its stimulus programme. The ECB is expected to lay the groundwork for an northern autumn policy shift when it meets, emphasising improved growth while tempering expectations after previously setting off a mini tantrum in financial markets. That comes after the Bank of Japan (BoJ) on Thursday kept monetary policy steady and pushed back against the timing for achieving its 2% inflation target. "Investors remained cautious heading into [Thursday’s] ECB meeting, where there are expectations of a more hawkish stance," ANZ research said in a note. Spot gold had dropped 0.2% to $1,238.30/oz at 3.41am GMT. US gold futures for August delivery fell 0.3% to $1,237.70/oz. The euro held near a 14-month high against the dollar on Thursday ahead of the ECB gathering. The dollar index, which tracks the greenback again...
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