Gold Prices Ahead of Fed Chair Warsh's Jackson Hole Speech
While gold prices started the day with mixed opening levels across global markets, all eyes have turned to the statements of Fed Chair Kevin Warsh at the Jackson Hole symposium.
While markets focus on the speech to be delivered by US Federal Reserve Chair Kevin Warsh at the Jackson Hole Economic Policy Symposium, the trajectory of gold prices and current figures vary according to news sources.
Markets Focus on the Jackson Hole Summit
Markets have turned their attention to the speech that US Federal Reserve Chair Kevin Warsh will deliver at the Jackson Hole Economic Policy Symposium. Warsh's statements are expected to provide clues regarding the Fed's future interest rate policy and the inflation outlook.
Opening Levels in Gold Prices
The trajectory of gold prices and current figures in global markets vary depending on news sources. Spot gold finished Thursday at $4,602.
Economic Data and Market Pricing
In the US, the July PCE price index rose by 0.2% on a monthly basis, exceeding expectations and creating question marks. Money markets are pricing in that the Fed will keep interest rates unchanged next month and implement a hike in October.