Gold lacks luster in early Asia on Thursday and continues to linger close to $2300 mark awaiting further cues for direction. Hawkish comments from recent Fed speakers have kept dollar firm in turn weighing down the yellow metal. Fed Bank of Boston President Susan Collins emphasized the necessity for the US economy to cool down to reach the central bank's 2% inflation target. Meanwhile, possible escalation on Middle East tensions could renew demand for the safe haven commodity. Currently, the counter is quoting at $2319.90 an ounce, down 0.10% on the day. Powered by Commodity Insights |