Gold Holds Steady Ahead of Fed’s Annual ConferenceSingapore, 19 Aug (ONA) — Gold prices were little changed today as investors awaited the US Federal Reserve’s annual conference later this week for signals on the potential path of interest rates.
Spot gold traded at $3,331.49 per ounce, while US gold futures for December delivery edged down by 0.1% to $3,375.40.
Market participants are closely watching remarks by Fed Chair Jerome Powell at the Jackson Hole symposium, scheduled for 21-23 August, which could provide clearer insights into the economic outlook and the central bank’s policy stance.
Among other precious metals, spot silver fell 0.5% to $37.82 per ounce, platinum rose 0.1% to $1,323.76, and palladium declined 0.9% to $1,112.03. — Ends/AH
