Friday, 23 August 2019

Gold Prices Steadied With The Focus Shifting To Friday's Speech By U.S. Federal

Gold trading range for the day is 37796-38404.

Gold prices steadied with the focus shifting to Friday's speech by U.S. Federal Reserve Chairman Jerome Powell at the Jackson Hole meeting.

FOMC Minutes show ending balance sheet run-off early was done to simplify communication

FOMC Minutes show majority of members viewed the low inflation through 2019 as transitory

China has partially lifted restrictions on imports of gold, loosening curbs that had stopped an estimated 300-500 tonnes of the metal.

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Silver Trading Range For The Day Is 46112-46984

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