Gold prices fall ahead of US Fed chair’s Jackson Hole remarks
Gold and precious metals prices declined as investors awaited comments from US Federal Reserve Chair Kevin Warsh at the Jackson Hole symposium.
Key Takeaways
AIGold prices fell in Friday trading as investors awaited remarks from US Federal Reserve Chair Kevin Warsh at the Jackson Hole symposium.
Spot gold dropped 0.5% to $4,576.30 per ounce, after reaching its highest level in over three months earlier this week.
US gold futures also declined by 0.8% to $4,629.00 per ounce.
Other precious metals also decline
Meanwhile, spot silver fell 1% to $68.54 per ounce, palladium dropped 0.8% to $1,339.84, and platinum slipped 0.6% to $1,834.83 per ounce.