Gold off 2-month lows, Jackson Hole eyed

By FXstreet.com | Updated 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.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    EUR/USD Technical Analysis: Stalling Below 1.10 Figure

  2. Forex News

    Year-end target for EUR/USD to parity - BofA

  3. Forex News

    Trading Video: US Dollar and Stocks Follow the Path of Least Resistance

  4. Forex News

    Top Events this Week Include EZ CPI, Canadian GDP, and US NFPs

  5. Forex News

    Strategy Video: Should the Fed Lead the Next Monetary Policy Phase, Again?

Trading Center