Gold prices declined on Friday as the U.S. dollar powered higher after Federal Reserve Chair Jerome Powell left the door open to more interest-rate hikes later this year during his annual speech at the Kansas City Fed’s economic symposium in Jackson Hole, Wyo.
Price action Market drivers Powell delivered his keynote address at Jackson Hole on Friday. Instead of bringing the pain for markets as he did last year, he was much more measured, reiterating promises to keep a careful eye on the economic data while leaving the door open to more interest-rate hikes.
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