Gold prices slip for a second day as China-U.S. trade tensions ease (marketwatch)

However, the rally for precious metals has cooled somewhat since minutes from the Federal Open Market Committee’s meeting in late July signaled that the policy-setting group was unwilling to use unconventional methods to keep rates benchmark interest rates lower, which was viewed as a short-term negative for gold.

“Since the FOMC minutes, market participants have been reluctant to re-establish long positions in gold and short the dollar with any enthusiasm ahead of event risks, specifically the September FOMC and the Jackson Hole Symposium,” wrote Stephen Innes, chief global market strategist at AxiCorp, in a daily note, referring to a Thursday speech by Powell conducted via webcast and the upcoming Fed meeting next month.

https://www.marketwatch.com/story/gold-prices-slip-for-a-second-day-as-…