Gold Treading Water Ahead of Fed Minutes & Jackson Hole
From tickmill.com
Gold prices remain little changed so far this week with the futures market sitting around the middle of the July range, having corrected from initial August highs. The market has been lacking direction for months now with prices caught within a roughly 10% range following the correction rom YTD highs in April. A mix of conflicting drivers have sapped the bullish momentum from gold though no downside drivers have proved strong enough to fuel a correction. Looking ahead this week, focus will be on the Fed with the FOMC minutes due tomorrow before Powell speaks at the Jackson Hoel symposium on Friday. Given the weaker ...
(full story)