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Fed Chair Powell’s keynote speech could be next catalyst for gold and silver prices – Saxo Bank’s Hansen
Gold and silver continue to trade in tight ranges as traders await the next catalyst for price action – and Fed Chair Powell’s keynote speech from Jackson Hole on Friday is the next potential trigger, according to Ole Hansen, head of commodity strategy at Saxo Bank. “In recent weeks, some key U.S. economic data have surprised to the downside, while a stronger-than-expected PPI print reminded markets that inflationary pressures may still emerge from Trump's tariff policies,” Hansen wrote on Tuesday. “While that print temporarily cooled expectations for a larger or faster series of rate cuts, the market is ... (full story)