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Gold price slips as markets eye Powell at Jackson Hole
Gold price retreats on Thursday following the release of mixed data from the United States (US) and as traders brace for the Jackson Hole Symposium, waiting for the Federal Reserve’s (Fed) Chair Jerome Powell speech on Friday. The XAU/USD trades at $3,339, down 0.30%.
Fxstreet
Thu, Aug 21
Silver Price Forecast: XAG/USD recovery stalls at $38.00 as the US Dollar firms up
Silver (XAG/USD) is posting moderate losses on Thursday, after having rallied about 1.35% on Wednesday. Bulls are struggling to find acceptance above the $38.00 level, with the US Dollar firming up ahead of the all-important Fed Powell speech at the annual Jackson Hole meeting.Fxstreet
Thu, Aug 21
Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Thursday, early in the European session. WTI trades at $63.03 per barrel, up from Wednesday’s close at $62.79.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $66.50 price posted on Wednesday, and trading at $66.73.
Gold Price Forecast: XAU/USD approaches key resistance around $3,330
Gold (XAU/USD) is trimming some losses on Wednesday, drawing support from the sour market sentiment. The precious metal has bounced from two-week lows right above $3,300, but remains capped below previous support at the $3,330 area, which leaves the broader bearish trend intact.Fxstreet
Wed, Aug 20
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