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Gold Edges Up as Traders Await Powell Speech for Fed Rate Clues
Powell is slated to give his annual address in Jackson Hole, Wyoming, on Friday. Swaps are pricing in a high probability the Fed will cut borrowing costs by a quarter point next month. In the face of mounting pressure from President Donald Trump for hefty reductions,
Gold prices rebounded on Friday, buoyed by heightened expectations of a September rate cut following comments from Federal Reserve Chair Jerome Powell at the central bank’s Jackson Hole symposium.
Gold prices rebounded on Friday, buoyed by heightened expectations of a September rate cut following comments from Federal ...
Gold prices traded lower in Friday's session ahead of Jerome Powell's speech at the Jackson Hole symposium. Powell's hints on ...
2d
Market begins to factor in an 'easier-money environment,' prompting gold to turn higher for the week
Federal Reserve Chairman Jerome Powell seems to have conceded that the central bank will supply the rate cut at the September ...
Traders added to bets on the US central bank’s rate cut next month as Powell delivered his speech. Bullion typically benefit ...
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