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Commodities

Gold Tumbles as Investors Await Fed Speech, Silver Shines with 1.5% Gain

Guavy AI Editorial Team
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Gold prices dipped slightly to around $4,593 as investors await Fed Chair Kevin Warsh's Jackson Hole speech and the Labor Department's payroll revision. The event has market participants guessing whether Warsh will take a hawkish or dovish tone on rate hikes.

The silver price rose by 1.5%, trading above $70, due to industrial demand and momentum. Market uncertainty, fueled by geopolitical tensions near the Strait of Hormuz, continues to support safe-haven demand for gold.

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