Gold prices have recorded a slight decline in light of investors’ anticipation of the US Federal Reserve meeting in Jackson Hall looking for signals on the interest rate path in the United States. The precious metal was traded near the price of $ 3.340 per gram, which abandoned the profits he achieved on Wednesday, after President Donald Trump demanded the province of Lisa Cook to resign because of the allegations related to a real estate. Powell’s word Powell is waiting for Jackson Hall. Interest will be again in the current period following the speech of Federal President Jerome Powell Friday at the annual meeting in Jackson Hall, in search of references on the upcoming decisions. Traders expect the federal reserve to lower interest rates by at least 25 basis points next month, which will be positive for gold as it does not benefit. Also read: The interest: The attention of the central banks is on their way to Jackson Hall this week and the minutes of meeting the policy manufacturers showed last month that officials saw the risk of inflation, as it exceeded concerns about the labor market. A strong performance since the beginning of the year has increased the precious metal in more than one quarter of this year, although most of the profits were achieved during the first four months when prices recorded a record level. Gold received support from the purchases of central banks and flows to the boxes circulating on the stock exchange, while many analysts, including the Wealth Management Unit in UPS, expected room for more profits. “The prices will remain high in the coming weeks as the market is ready to lower US interest rates in September,” Fitch Solichns said in a note. She added: “We expect gold to range between 3200 and $ 3600 per gram for the rest of the year 2025.” Gold fell 0.3% to $ 3339.92 per ounce in London at 10:47. The Bloomberg index also decided for the immediate dollar. While the prices of silver, alternadium and platinum dropped. Prices have been adjusted to match the movements of the market
Gold pulls back with interest in “Jackson Hall” to expect the interest
