Gold prices hold steady at $4,650.90/ounce on Friday, August 28, after opening down 0.2% at $4,656, as markets await Fed Chair Kevin Warsh's speech.
Gold December futures opened at $4,656 per troy ounce, down 0.2% from Thursday's closing price. The precious metal's price remains consistent this morning ahead of new Fed Chair Kevin Warsh's pivotal speech at the Jackson Hole summit, which is expected to influence market expectations for next month's interest rate decisions.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
China's futures exchanges to tighten leash on quant trading, defining violations and punishments
-
2
Saudi Arabia plans to increase its oil export capacity beyond the Persian Gulf to 10 million barrels per day within two years, and will temporarily use natural gas pipelines for oil transport.
-
3
Dutch pensions manager PGGM agrees to take on part of the risk on €5 billion of ING loans backing energy transition
-
4
Iran escalates attacks on "non-compliant" oil tankers, putting crude oil shipments through the Strait of Hormuz under pressure, with multiple empty VLCCs avoiding the Persian Gulf.
-
5
Harneys and dropRWA plan Bermuda tokenized catastrophe bond issuance next year, aiming to bridge disaster-insurance gap
-
6
Iran's Revolutionary Guard Corps states it has designated the "US-UAE" Strait of Hormuz oil shuttle system as a clear target.
-
7
XRP Ledger Foundation Faces Backlash Over Low Bounty Payouts for Critical Bug
-
8
Goldman Sachs: U.S. Stock Market Sees Worst Internal Divergence Since Pandemic, Institutions "Panic-Rushing into Value Stocks" Leads to Sharp Reversal in Tech Flows
-
9
NVIDIA Unveils Vera Rubin Architecture Design at OCP Global Summit to Power Global AI Factory Expansion
-
10
Ark Invest's Lorenzo Valente Reaffirms Bitcoin's 5-Year Outlook
Markets Today
Recommended Reading


