Gold Prices Tumble Ahead of Jackson Hole Conference

Gold prices have declined ahead of Fed chief Warsh's speech at the Jackson Hole conference. The market is closely watching the speech for any clues on interest rate hikes, which could impact gold prices. Despite a slight drop, gold remains a popular investment option due to its perceived value as a safe-haven asset.

The Iran-US tensions have had a significant impact on oil prices, leading to an overall decrease in oil's weekly gains. The ongoing tensions and potential geopolitical conflicts are causing investors to remain cautious, resulting in lower oil prices.