Gold Edges Higher Amid Low US Yields, Await for Warsh Speech
The price of gold has increased as US Treasury yields remain low due to the government's buyback strategy.
This move has supported the greenback and potentially capped the price of gold, which is currently trading below its highest level since May 14.
Traders are waiting for Fed Chair Kevin Warsh's speech on Friday at the Jackson Hole Symposium for cues about future policy path and potential rate hikes.