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Gold hits over $4,600 before Jackson Hole speech
Gold prices once again rose above $4,600 per ounce ahead of the U.S. Federal Reserve Chairman's speech at Jackson Hole, as investors seek to understand the central bank's stance on ongoing inflation. This increase comes amid expectations of continued U.S. intervention in the bond market, bolstering bets on the erosion of currency value and making gold more attractive as a safe haven, especially as the metal has gained 14% this month. Investors are also closely watching Warden's speech, which offers an opportunity to clarify the Fed's policy on inflation and interest rates, amid concerns about the independence of the central bank and its impact on the markets.
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