Gold Prices Ticker Higher Ahead of Warsh's Jackson Hole Remarks

Gold prices increased slightly on Friday as investors waited for Federal Reserve Chair Kevin Warsh's remarks at the Jackson Hole symposium to gauge the central bank's monetary policy direction.

The price of spot gold was up 0.1% at $4,606.73 per ounce by 1032 GMT, after reaching a more than three-month high of $4,696.18 on Tuesday.

Kyle Rodda, senior financial market analyst at Capital.com, said 'price action has been pretty constructive recently, and we're not seeing a great deal of movement because we're waiting for Warsh's speech at Jackson Hole.'

Fed officials shared their concerns about the U.S. inflation landscape on Thursday, as central bankers gathered in Jackson Hole.