Gold down in Asia

Gold traded sideways on Tuesday, with investors bracing for the possibility of an early announcement on the next US Federal Reserve chair. Spot gold slipped 0.1 percent to $1,280.80 an ounce by 0700 GMT, after hitting its lowest since October 6 at $1,271.86 in the previous session.
US gold futures for December delivery rose 0.1 percent to $1,282.30 per ounce. "Nothing really spurring a big selloff for gold yet. We're waiting for currency direction... maybe people are anxious about an early announcement from Trump on the Fed chair," said a Hong Kong-based trader. Reuters technicals analyst Wang Tao, however, said spot gold may break a resistance at $1,283 per ounce and rise into a range of $1,289-$1,295.