Gold Price Stabilizes Above $4,600 Ahead of Warsh's Key Speech

The gold price has stabilized above $4,600 an ounce, rebounding from a five-day winning streak that was snapped on Wednesday.

A report showed inflation above the Federal Reserve's target, which raised rate-hike odds and lifted the dollar and bond yields. However, investors are still weighing the Fed's inflation stance ahead of Jackson Hole symposium this week.

The gold price is still up roughly 14% this month despite Wednesday's setback, thanks in part to an unexpected bond market intervention by the US Treasury last week.