Gold Prices at Risk as Markets Brace for Powell Jackson Hole Speech

Gold Prices at Risk as Markets Brace for Powell Jackson Hole Speech

Gold prices are menacing the bounds of a five-month uptrend as markets brace a speech from Fed Chair Jerome Powell at a virtual Jackson Hole symposium.

GOLD & CRUDE OIL TALKING POINTS:

  • Gold prices pressuring trend-defining support before key Powell speech
  • Fed Chair may guide away from expanding stimulus toolkit, hurting gold

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