Gold Headlines

Powell set to deliver ‘profoundly consequential’ speech, changing how the Fed views inflation

End of Fiat: It is Evident in the Silver, Gold and Crypto Charts

ECB support wipes out stress over bank funding, Interbank rate at a record low

German economy shrank by record 9.7% quarter-on-quarter in second quarter

U.S., China reaffirm commitment to Phase 1 trade deal after call

Gold holds steady as investors look to Powell's speech (reuters)

Gold held steady on Tuesday as a softer dollar offset pressure from an equity rally while investors stayed away from taking big positions ahead of U.S. Federal Reserve Chair Jerome Powell’s speech later this week. Spot gold was flat at $1,932.15 per ounce by 0512 GMT. U.S. gold futures were steady at $1,938.80. Powell will discuss the Fed’s monetary policy framework review on the opening day of the Kansas City Fed’s annual central banking conference on Thursday, in a virtual and public…

Powell set to deliver ‘profoundly consequential’ speech, changing how the Fed views inflation (cnbc)

Fed Chairman Jerome Powell will speak Thursday during a virtual version of the Fed’s annual Jackson Hole, Wyoming, conference. He is expected to outline what could be the central bank’s most active efforts ever to spur inflation back to a healthy level. “Average inflation” targeting means the Fed will allow inflation to run higher than normal for a period of time. The effort will be the reverse of former Fed Chairman Paul Volcker’s rate hikes instituted to quash inflation in the…

Gold’s Rally to Give Way to Biggest Jeweler Share Sale in India

Gold ends at lowest in a month as potential COVID-19 treatment boosts the stock market

Craig Erlam, senior market analyst at Oanda, pointed out that the dollar had pared earlier losses, leading to the move lower Monday for gold. “The rebound in the dollar has been impressive after breaking key support last week and today’s rebound is another example of that,” said Craig Erlam, senior market analyst at Oanda, in a market update. https://www.marketwatch.com/story/gold-and-silver-prices-move-higher-on-bargain-hunting-2020-08-24

Gold Has Been on Fire. Here Comes the Drop. (Barrons)