21 Aug 2025
Gold Price Forecast: XAU/USD faces pressure above $3,350 ahead of Jackson Hole Symposium
Gold price declines to near $3,325 as investors turn cautious ahead of Fed Powell’s speech at Jackson Hole Symposium.
Fed members: Michelle Bowman and Christopher Waller supported interest rate cuts in the July meeting.
Investors expect the Fed to cut interest rates in the September meeting.
Gold price trades 0.6% lower to near $3,325.00 during the European trading session on Thursday. The yellow metal faces selling pressure above $3,350.00 as Federal Open Market Committee (FOMC) minutes of the July policy meeting has signaled that a majority of officials were reluctant to support monetary policy adjustments until they get clarity on the “magnitude and persistence of higher tariffs’ effects on inflation”.
