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Gold dips with Jackson Hole central bank views anticipated
On Monday, the number one precious commodity went down moderately in Asia on Monday with the decisive tone from key bank representatives gathering in Wyoming already this week on withdrawing exceptional monetary stimulus key to the fortunes of the precious metal.
December delivery gold futures declined 0.07% being worth $1.290.73 in New York.
Coming up this trading week, market participants will be considering speeches by key bankers at the Fed’s annual major bank symposium in Jackson Hole. Additionally, Mario Draghi, ECB Governor will be another object of interest because the EU statesman has lagged an actual discussion so far underway in America and broached in Japan on the exact timing as well as methods of winding down asset purchasing programs.
Besides this, upcoming American reports on housing and also durable goods might affect Fed policy. Meanwhile, the euro zone is expected to issue data on private sector activity soon.
Follow Canadian core retail sales on September 18 at 15:30 MT time!
The US dollar gained after the Fed’s report, while riskier assets dropped. Let’s have a closer look.
Keep an eye on the UK monetary policy statement on September 17 at 14:00 MT time!