Gold prices edge lower in early trading ahead of a key speech by Federal Reserve chief Warsh at the Jackson Hole symposium. Business Line reports spot gold falls about 0.5% to around $4,580.19 per ounce, while Moneyweb and another Business Line update describe prices as broadly steady to slightly higher earlier in the session.
Across outlets, trading is driven by investor positioning ahead of Warsh’s remarks. One Business Line report says spot gold is near $4,603.91 per ounce by 0652 GMT and highlights a move to a three-month high of $4,696.18 on Tuesday. That prior strength is linked to a US Treasury announcement supporting long-duration bonds. By contrast, Moneyweb characterizes the market as focused on Warsh’s speech, with spot gold up modestly to about $4,606.04 in London.
Overall, sources agree that gold’s near-term direction is subdued as markets await guidance from the Fed, with recent gains tied to US Treasury policy signals.
