-
Gold expected to continue its upward trend
The Jackson Hole Economic Policy Symposium held last week was a significant annual gathering where central bankers, policymakers, economists and scholars convened to discuss economic challenges and the policy options available. A key focal point of the event was Federal Reserve Chairman Jerome Powell’s speech on Friday, which investors hoped would provide an insight into the Fed’s intentions regarding interest rate cuts. Earlier in the week, minutes from the Federal Open Market Committee (FOMC) meeting were published, revealing that a majority of Federal Reserve members acknowledged ongoing inflation risks ... (full story)
- Comments / Top
- Subscribe
-
Related Stories
From fxstreet.com | Aug 25, 2025
Gold (XAU/USD) kicks off the week on a softer footing after touching a two-week high on Friday, following Federal Reserve (Fed) Chair Jerome Powell’s dovish remarks at the Jackson Hole Symposium that fueled a broad rally in precious metals. At the time of writing, the metal is trimming earlier losses and edging higher during the American session, ...
From kitco.com | Aug 25, 2025
Gold prices held steady on Monday, as the market's focus shifted to upcoming U.S. PCE data for cues on the Federal Reserve's policy path, while a stronger dollar capped gains. Spot gold inched up 0.1% at $3,373.49 per ounce, as of 1151 a.m. ET (15:51 GMT), after hitting its highest level since August 11 on Friday. U.S. gold futures for December delivery was ...
Federal Reserve chair Jerome Powell signaled Friday that he could cut interest rates soon, which comes after months of pressure from the Trump administration. Allianz chief economic adviser Mohamed El-Erian tells "Face the Nation with Margaret Brennan" that many economists think Powell should cut rates earlier as well, saying that he believes that Powell ...
