Gold Prices May Fall as Yellen Speaks at Jackson Hole Symposium
From dailyfx.com
•Commodities mark time as all eyes turn to Jackson Hole symposium •Gold prices may fall if Fed’s Yellen hints QT to begin in September •Crude oil prices vulnerable if hawkish Fed stance boosts US Dollar Commodity prices remain locked in familiar ranges as financial markets await direction cues from the Fed’s annual policy symposium underway in Jackson Hole, Wyoming. A much-anticipated speech from Chair Janet Yellen takes top billing. Traders are looking for comments signaling the imminent start so-called “quantitative tightening” (QT) – the unwinding of the US central bank’s bloated post-crisis balance sheet – as ...
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