Gold slips

Bengaluru: Gold prices were a touch lower on Tuesday, pressured by an uptick in the dollar, with investors focusing on tensions over North Korea and remaining cautious ahead of an annual central banking meeting in Jackson Hole later this week.

Spot gold had slipped 0.2 percent to $1,288.40 an ounce by 0333 GMT, after rising 0.5 percent in the previous session.

U.S. gold futures for December delivery edged down 0.2 percent to $1,294.20 per ounce. "The U.S. and South Korea´s military training will probably induce some move from North Korea.

I think people are getting ready for any move so that´s why gold came back up yesterday," said Yuichi Ikemizu, Tokyo branch manager at ICBC Standard Bank.

The United States and South Korea began long-planned joint military exercises on Monday, heightening tensions with North Korea, which called the drills a "reckless" step toward nuclear conflict.