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Gold exceeds $4,600 before Warsh speech
Gold has risen again above $4,600 per ounce ahead of the Jackson Hole meeting, as investors evaluate the Federal Reserve's approach to inflation. This followed data showing that U.S. inflation remains high, increasing the likelihood of interest rate hikes, despite the precious metal recovering by 14% this month. The market expects Fed Chair Jerome Powell to deliver a key speech on Friday, which could clarify the central bank's stance and impact gold movements, while investors continue to monitor inflation data and future rate hike expectations.
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