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Gold Prices Drop Ahead of Jackson Hole Symposium
Friday, 23 August 2019 14:10 WIB | PRECIOUS METALS |GOLDEMAS

Gold prices traded lower on Friday in Asia ahead of the Federal Reserve™s annual Jackson Hole Symposium, where Fed Chair Jerome Powell is expected to provide clarity on future monetary easing plans.

Gold Futures for December delivery, traded on the Comex division of the New York Mercantile Exchange, fell 0.2% to $1,504.85 by 1:11 AM ET (05:11 GMT).

Markets currently expect the Fed to slash rates again at its next meeting in September, but uncertainties surrounding the direction of future monetary policy increased following the release of minutes from the central bank™s latest policy meeting.

Source : Investing.com

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