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 Oxfam Report: Billionaire Fortunes Double Amidst Global Pandemic READ MORE Dollar Climbs Higher as Global Interest Rate Policies Diverge READ MORE The Fight Against Counterfeit Dollars: What You Need to Know READ MORE Bill Gross Urges Federal Reserve to Halt Tightening and Slash Rates to Avert Recession READ MORE Gold Expert Talks 2024 Outlook, Plus Forecast for Silver, Platinum and Palladium READ MORE Add a Comment Cancel replyYour email address will not be published.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