Investors are currently analyzing the implications of Fed Chairman Jerome Powell's hawkish remarks at the Jackson Hole Symposium as gold prices remain steady above $1,920.00.
The precious metal may experience a decline in value due to Cleveland Fed President Loretta Mester's support for another rate hike, although it may not occur in September specifically.
Based on CME Group's Fedwatch Tool, there is an 80% probability that rates will remain unchanged next month, while most investors anticipate a rate hike in November.
The precious metal may experience a decline in value due to Cleveland Fed President Loretta Mester's support for another rate hike, although it may not occur in September specifically.
Based on CME Group's Fedwatch Tool, there is an 80% probability that rates will remain unchanged next month, while most investors anticipate a rate hike in November.
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