Gold Soars to New Heights as Markets Await Powell's Jackson Hole Address Gold prices have reached new record highs, surpassing $2,528 an ounce, as investors eagerly anticipate Federal Reserve Chair Jerome Powell’s speech at the Jackson Hole symposium. The rally, driven by expectations of potential interest rate cuts and ongoing geopolitical tensions, has pushed gold’s gains to over 22% this year. While some analysts predict further price increases due to factors like central bank purchases and haven demand, others caution that the current surge may impact demand in key markets like China. Traders are closely monitoring Powell’s upcoming remarks and other economic indicators for insights into future monetary policy decisions that could affect gold’s trajectory. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Gold Dips Present Buying Opportunities, Says UBS READ MORE U.S. Shoppers Defy Expectations: July Retail Sales Exceed Forecasts READ MORE U.S. Credit Card Debt Hits Unprecedented $1.13 Trillion, Fed Report Reveals READ MORE History Shows Interest Rate Cuts Aren't Good News for Profit Forecasts READ MORE Inflation Fears Spark Rally in Gold and Oil, Casting Doubt on Fed's Strategy READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment