Gold futures slipped Wednesday, remaining snarled in tight trading ranges alongside the dollar as investors hope for clarity this week on the near-term path for interest rates.
Precious metals and the dollar have twisted amid shifting expectations about the Fed’s interest-rate policy, especially ahead of a closely watched retreat in Jackson Hole, Wyo., where Federal Reserve Chairwoman Janet Yellen will speak on Friday. Economists have said the Fed itself remains very data-dependent as it looks ahead to the final policy meetings of 2016, but that’s done little to dissuade market speculation.
