Gold prices stabilized on Friday despite the precious metal’s trend for a weekly gain, with investors focused largely on the Jackson Hole seminar for clues about the US Federal Reserve’s policy to curb inflation.<\/p>\n\n\n\n
Spot gold consolidated at $1,757.99 an ounce at 0624 GMT, but rose 0.6 percent so far this week.<\/p>\n\n\n\n
And US gold futures fell 0.1 percent to $1,770.50.<\/p>\n\n\n\n
The dollar index is hovering near a one-month high, while 10-year US Treasury yields are up.<\/p>\n\n\n\n
Powell is scheduled to speak at 1400 GMT on Friday at the Jackson Hole symposium in the United States.<\/p>\n\n\n\n
Investors will be watching closely for any indications of the pace of monetary tightening by the Federal Reserve, and any indications of a possible change in strategy in the event of an economic slowdown.<\/p>\n\n\n\n
With regard to other precious metals, silver in spot contracts fell 0.1 percent to $ 19.26 an ounce, and palladium fell 0.3 percent to $ 2140.68. The two are heading for weekly gains.<\/p>\n\n\n\n
And platinum increased by 0.4 percent to $ 884.27, but it has fallen so far for the second week in a row.<\/p>\n","protected":false},"excerpt":{"rendered":"
Gold prices stabilized on Friday despite the precious metal’s trend for a weekly gain, with investors focused largely on the Jackson Hole seminar for clues about the US Federal Reserve’s policy to curb inflation. Spot gold consolidated at $1,757.99 an ounce at 0624 GMT, but rose 0.6 percent so far this week. And US gold …<\/p>\n","protected":false},"author":9,"featured_media":70951,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,37,36],"tags":[6885,6874,7822,7462,7164,6887],"class_list":["post-70950","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates","tag-fed","tag-gold","tag-labour-market","tag-market-sentiment","tag-powell","tag-unemployment"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/70950","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=70950"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/70950\/revisions"}],"predecessor-version":[{"id":70952,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/70950\/revisions\/70952"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/70951"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=70950"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=70950"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=70950"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}