Gold off 2-month lows, Jackson Hole eyed

By FXstreet.com | August 22, 2014 AAA

FXStreet (Córdoba) - Gold prices managed to recover somewhat after closing at a 2-month low Thursday as investors attention turns to Federal Reserve Chair Janet Yellen and European Central Bank President Mario Draghi speaks today at the Jackson Hole symposium of central bankers.



Gold for December delivery rose as much as 0.52% to $1,282 an ounce, and traded at $1,280.50 at last check. The metal yesterday dropped to $1,273.40, the lowest level since June 18, amid broad USD strength after hawkish Fed minutes.



As for silver, the gray metal increased 0.62% to $19.56 an ounce. The metal fell yesterday to $19.31 an ounce, the lowest since June 12, and is heading for a sixth weekly loss.



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