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Gold price rises; Goldman says long-term outlook remains well supported
Gold futures rose Wednesday ahead of the upcoming Jackson Hole symposium, while minutes from the July monetary policy meeting showed broad support for the Federal Reserve's neutral monetary policy stance, with two dissenters apparently alone in favoring a rate cut. Investors have been cautious in recent days ahead of the Jackson Hole conference, with markets looking to Federal Reserve Chair Powell's speech on Friday for some hints about whether a rate cut is in the cards at September's meeting. Traders currently expect an 83% chance of a quarter-point rate cut in September, according to the CME FedWatch tool. ... (full story)
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- Aug 21, 2025 2:03am Posted byFundamental Analysis270
