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Gold Price Outlook – More of the Same Ahead of FOMC, Jackson Hole

August 18, 2021

Via: DailyFX

The FOMC minutes, released later in today’s session, have been seen of late as a potential turning point in US monetary policy with market’s hoping that they may provide some clarity on the central bank’s thinking about when they may shift course on policy, notably tapering of the current $120 billion a month bond-buying program. Traders however may be disappointed by today’s release, especially with next week’s Jackson Hole Symposium – ‘Macroeconomic Policy in an Uneven Economy’ – giving chair Powell slightly more breathing space and a global stage to announce any changes. Today’s FOMC meeting may see ‘more of the same’, leaving traders little to work within the days running into the Jackson Hole event.

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