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Forex

Gold Holds Steady Amid Warsh Speech Anticipation

Guavy AI Editorial Team
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USD
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Gold prices remained steady around $4,590 an ounce on Thursday as investors waited for fresh policy signals from Federal Reserve Chair Kevin Warsh at the Jackson Hole symposium on Friday.

The precious metal had posted its biggest one-day percentage decline in a week earlier in the week, but concerns over global debt continued to support demand for gold.

A recent rally was fueled by renewed concerns over dollar debasement following the US Treasury's decision to increase buybacks of older, long-dated bonds.

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