28/08/2026
Gold Falls as Markets Await Jackson Hole — Market Talk
Gold declines in early Asian trade as traders await a speech from Fed Chair Warsh, hoping for clues on the trajectory of interest rates as inflation stays sticky. A balanced tone at from Warsh at the Jackson Hole conference could support gold, says Konstantinos Chrysikos, while hawkish remarks could lift bond yields and pressure the precious metal. he says.
A higher rate environment typically weighs on non yielding assets like gold. "Markets will also watch any shifts in geopolitical developments in the Middle East and their impact on oil prices and inflation expectations," he adds. Spot gold drops 0.3% to $4,588.23 a troy ounce.