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MarketWatch: What Powell Just Did to Gold

LONDON, 26 August 2022 – Comment from BullionVault features today in the latest gold-price report from leading US financial news-site MarketWatch.

Following US central-bank chief Jerome Powell's speech at the annual Jackson Hole symposium, "Gold initially fell hard," MarketWatch quotes BullionVault director of research Adrian Ash.

"[But] gold had been mirroring the Dollar this week ahead of today's Fed speech, holding firm near the upper-end of its 2022 range in Euros, even as it retreated for US investors."

Read the full story on MarketWatch here:

Gold ends down for the session and week as Powell remarks suggest aggressive tightening