Gold range-bound as investors wait for Fed chair’s speech
Gold traded in a narrow range on Wednesday as investors awaited more insight into the outlook for interest rates from U.S. Federal Reserve Chair Jerome Powell when he speaks at central bankers’ symposium at Jackson Hole later this week.
Spot gold fell 0.2% to $1,744.81 per ounce, trading in a $9 range. It advanced 0.7% in the previous session. U.S. gold futures dipped 0.3% to $1,755.90.