Gold Prices Slip Ahead of Fed Chair Jerome Powell's Jackson,...
On Thursday, gold prices concluded with a minor decline, marking their first drop in five consecutive sessions. This dip coincided with a strengthening dollar and rising Treasury yields, all preceding an eagerly awaited speech scheduled for Friday by Federal Reserve Chair Jerome Powell.
The price of gold for December delivery decreased by $1.00, settling at $1,947.10 per ounce.
This decline occurred in anticipation of Powell's forthcoming address at the Federal Reserve's annual Economic Policy Symposium, hosted in Jackson Hole, Wyoming. The minutes from the central bank's most recent policy committee meeting revealed a more hawkish tone regarding future interest rate hikes than initially anticipated. Consequently, there is keen interest in any hints or insights Powell may provide regarding the bank's long-term plans.
XAUUSD
BUY LIMIT 1914-1916🕯
✅ TP1: 1920
✅ TP2: 1930
⚠️ SL: 1909
The price of gold for December delivery decreased by $1.00, settling at $1,947.10 per ounce.
This decline occurred in anticipation of Powell's forthcoming address at the Federal Reserve's annual Economic Policy Symposium, hosted in Jackson Hole, Wyoming. The minutes from the central bank's most recent policy committee meeting revealed a more hawkish tone regarding future interest rate hikes than initially anticipated. Consequently, there is keen interest in any hints or insights Powell may provide regarding the bank's long-term plans.
XAUUSD
BUY LIMIT 1914-1916🕯 ✅ TP1: 1920
✅ TP2: 1930
⚠️ SL: 1909
Comment:
Gold futures in the United States (GOLD) declined by 0.2%, reaching $1,943.90.
