The price of gold is moving higher ahead of the latest Fed monetary policy decision and commentary later in the day and is supported by a cluster of positive technical signals. Fed chair Jerome Powell’s comments post-decision will be key, especially after last month’s Jackson Hole Symposium where Powell made a noted shift in monetary policy by signalling that inflation would be allowed to run higher than the central bank’s 2% mandate to allow the economy to rebound further. US interest rates will likely be kept at current ultra-low levels for years to come, keeping downward pressure on the US dollar and boosting the ... (full story)