26 Aug 2025
Gold price rises noticeably after Powell speech – Commerzbank
The price of Gold jumped by around $50 to just under $3,380 per troy ounce on Friday afternoon, Commerzbank's commodity analyst Carsten Fritsch notes.
Gold might not overpass the $3,400 mark
"This was triggered by Fed Chairman Powell's speech at the annual Fed symposium in Jackson Hole. In his speech, he paved the way for an interest rate cut in September by stating that the impact of tariffs on inflation was temporary and pointing to downside risks for employment. He also added that, with monetary policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting the policy stance."
