Investors are now waiting for U.S. Federal Reserve Chairman Jerome Powell's speech at Jackson Hole on Thursday for any hints about how aggressively the central bank will try to manage the long-term recovery from the coronavirus pandemic.
"The U.S. central bank should reiterate its pledge for ultra-low rates, providing some support for gold," Avtar Sandu, a senior commodities manager at Phillip Futures, said in a note.
"The central bank may be expected to signal greater tolerance for above-target inflation keeping real interest rates low."
https://finance.yahoo.com/news/gold-slips-coronavirus-treatment-hopes-040629672.html
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