Commodities
Gold Prices Climb Amid Dollar Debasement Concerns and Rate Hike Uncertainty
Gold prices rose on Thursday as concerns about US dollar debasement lingered. The metal drifted higher by 0.8% to $4,630.09 per ounce.
The market is anticipating remarks from Federal Reserve chair Kevin Warsh this week at the annual Jackson Hole symposium in Wyoming. Analysts expect his comments to provide clarity on how the Fed will navigate the current economic landscape.
FedWatch Tool data shows markets assigning a 36.5% probability to a September US rate hike and a 72.7% chance by December.