While the start of a two-day-long annual Jackson Hole Symposium organized by the Kansas Federal Reserve (Fed) gains the Gold trader’s attention, the US Durable Goods Orders and weekly Jobless Claims could offer more directions for a precise prediction of the XAU/USD price.
Above all, Friday’s speech of Fed Chair Jerome Powell will be closely watched as the recent US data and interest rate futures point towards the US central bank’s policy pivot but Fed’s Powell isn’t known for his dovish style.
That said, upbeat US data and the central bankers’ readiness to keep the rates higher for longer may weigh on the Gold Price.
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