Gold dips before Fed chair speech
Gold prices have noticeably decreased, dropping by 0.5% to $4,576.30 per ounce, as investors await the speech of Federal Reserve Chairman (the U.S. Central Bank) Jerome Powell at the Jackson Hole symposium. This follows gold reaching its highest level in over three months after the U.S. Treasury announced measures to support long-term bonds. Additionally, U.S. gold futures declined by 0.8% to $4,629, while other precious metals such as silver, palladium, and platinum also fell, recording weekly losses.
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