Bengaluru — Gold edged down on Thursday to its lowest in nearly two weeks on waning risk aversion, and as the dollar steadied ahead of US consumer inflation data that could offer clues on the timing of further interest rate increases. Spot gold was down 0.1% at $1,321.66/oz by 3.42am GMT, after earlier dropping to its lowest since Sept. 1 at $1,318.75. US gold futures for December delivery were down 0.2% at $1,325.60/oz. "It’s really just the dollar driving this at the moment and risk-on sentiment. Stock markets continue to make historic highs. It’s difficult to hold gold in this scenario," a Hong Kong-based trader said. Asian stocks edged down on Thursday, consolidating after touching their highest in a decade. The dollar, which fell to two-and-a-half-year low against a basket of currencies and hit a 10-month low against the yen last week, was steady ahead of the US inflation report for August, and a rebound in US producer prices in August had lent some support. A stronger greenbac...
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