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Gold edged higher as traders anticipated key signals from the Federal Reserve’s Jackson Hole symposium. Bullion held steady near $3,350 an ounce amid expectations of a potential rate cut next month.
- Gold prices rose as traders anticipated Federal Reserve signals from the Jackson Hole symposium.
- Market pricing suggests a likely US interest rate cut at the Fed’s next policy meeting.
- Fed’s Raphael Bostic highlighted economic strains from tariffs and high borrowing costs, hinting at potential rate adjustments.
📎 Related coverage from: bloomberg.com
Other Tags: Mike McGlone, Raphael Bostic