Gold prices remained flat on Friday. Investors await Federal Reserve Chair Kevin Warsh’s 10 a.m. ET speech at the Jackson Hole symposium. The address will provide signals on future interest rate policy and inflation.
Gold gained over 13% throughout August. The asset reached a three-month high earlier this week. A softer dollar and lower bond yields supported the rally by reducing the opportunity cost of holding bullion.
Traders anticipate potential market volatility following the Fed's macroeconomic cues. Prices have paused as the market maintains a cautious stance.