Gold Headlines

U.S. weekly jobless claims stuck at one million; corporate profits fall further in second quarter

Powell expected to begin laying out Fed's new monetary policy approach

Investors price for Fed chair to signal inflation can run higher

Rouble recovers from lows, eyes on Putin and U.S. Fed

Gold dips as investors book profit, await Fed's cues

“Gold bulls will be hoping, in a way, that the stars align a bit: that Powell outlines the Fed’s pivot to inflation targeting, and expresses an openness to keep long term rates low, ideally through a new yield-curve control program.” Powell is set to address the Fed’s annual central bankers’ conference at 1310 GMT, with investors looking for cues on inflation and monetary strategy. https://www.cnbc.com/2020/08/27/risks-of-more-us-sanctions-will-boost-russias-gold-production-fitch…

Risks of further U.S. sanctions will ‘paradoxically’ boost Russia’s Gold production

Russia is expected to increase gold production more rapidly in 2020 and 2021, according to Fitch Solutions. That’s because rising risks of further U.S. sanctions would push the Russian central bank to shore up its gold reserves, the consultancy said in a report. Over the longer term, a “healthy” pipeline of new mining projects could push Russia to become the world’s largest gold producer by 2029 — overtaking China and Australia, said Fitch Solutions. https://www.cnbc.com/2020/08…

South African Stocks Rise as Gold Miners Climb Before Powell

Gold gains on stimulus bets ahead of speech by Fed's Powell

Framework review complete, Fed's Powell starts hard sell for higher inflation

Dollar edges higher, but stuck in range before Powell speech