August 25, 2017 / 1:15 AM / in a year

PRECIOUS-Gold steady ahead of central bank speeches at Jackson Hole

    BENGALURU, Aug 25 (Reuters) - Gold was unchanged early
Friday, with investors awaiting directional clues from speeches
due later in the day at a gathering of central bankers at
Jackson Hole in the United States.
    * Spot gold        was unchanged at $1,286.10 an ounce by
0051 GMT, after dropping nearly 0.3 percent in the previous
    * U.S. gold futures         for December delivery were flat
at $1,291.60 per ounce.
    * The dollar was buoyant against the yen on Friday as some
participants bought back the currency to square positions ahead
of the Jackson Hole meeting.       
    * The world's top central bankers will meet with their
confidence bolstered by a sustained return to economic growth
that may eventually allow the European Central Bank and the Bank
of Japan to follow the Federal Reserve in winding down their
crisis-era policies.             
    * Federal Reserve Chair Janet Yellen is due to speak at 1400
GMT and European Central Bank President Mario Draghi will speak
at 1900 GMT.
    * After a turbulent year of anti-globalization backlash,
central bankers still argue open borders and free trade are the
key to more jobs, growth and prosperity.             
    * The U.S. Federal Reserve said on Thursday it requested
public comments on a plan for the New York Federal Reserve and
the Office of Financial Research to come up with three reference
rates based on U.S. Treasuries-backed repurchase agreements
    * President Donald Trump picked a new fight on Thursday with
his fellow Republicans, saying congressional leaders could have
avoided a "mess" over raising the U.S. debt ceiling if they had
taken his advice.             
    * With photographs obliquely showing a new rocket design,
North Korea has sent a message that it is working on an
intercontinental ballistic missile (ICBM) more powerful than any
it has previously tested, weapons experts said on Thursday.
    * China's net gold imports via main conduit Hong Kong
increased 2.3 percent in July from the previous month, data
showed on Thursday.             
    * Japan's core consumer prices rose 0.5 percent in July from
a year earlier to mark a seventh straight gaining month, a sign
the economy is making slow but steady progress toward meeting
the central bank's 2 percent inflation target.             
 0600  Germany        Detailed GDP                    Q2 
 0600  Germany        Import prices                  Jul 
 0645  France         Consumer confidence            Aug 
 0800  Germany        Ifo business climate           Aug 
 1230  U.S.           Durable goods                  Jul 
 1400  Federal Reserve Chair Janet Yellen speaks in Jackson Hole
 1900  European Central Bank President Mario Draghi speaks in
Jackson Hole 

 (Reporting by Apeksha Nair in Bengaluru; Editing by Richard
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