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 Treasury Yields Decline Following Lower-Than-Anticipated Inflation Report READ MORE Balancing Act: Oil Market Weighs China Concerns Against OPEC+ Cuts and Geopolitical Risks READ MORE Gold Investors Eye Friday's Payrolls Data for Fed Policy Clues READ MORE August jobs report: Unemployment rate falls to 4.2%, labor market adds 142,000 jobs READ MORE Saudi Arabia Joins China-Led CBDC Project for Cross-Border Trade READ MORE Add a Comment Cancel replyYour email address will not be published.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