Gold hits new all-time high ahead of Jackson Hole Symposium

From Investing.com: 2024-08-19 01:49:00

Gold reaches a new all-time high after US data reassesses rate cut expectations. Jackson Hole Symposium next week to discuss monetary policy. Data-heavy week ahead with FOMC minutes, PMI data, and speeches from central bank leaders. GBP sees gains, while oil struggles. US indices rally on positive data. Volatility expected as central bankers provide insights at the symposium. Asia prepares for quiet week, Japan anticipates PMI data improvement. Europe, UK, and US have busy data week with RBA minutes, FOMC minutes, and PMI data to be released. DXY shows potential for recovery but faces resistance at 102.64 level.



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