Gold prices fell on Friday (August 22nd), driven by a strengthening US dollar, which makes gold more expensive for foreign buyers. Meanwhile, investors await Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole Symposium as a key indicator of the direction of future monetary policy. CME FedWatch indicates a 75% probability of an interest rate cut at the next Fed meeting, a key support for non-yielding assets like gold.
Source: Newsmaker.id
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