Gold heads south moderately in Asia as traders geared for Jackson Hole speeches

Gold heads south moderately in Asia as traders geared for Jackson Hole speeches

On Friday, gold slumped moderately in Asia, with financial markets braced for reacting to any signs on monetary policy from the Fed as well as ECB bank chiefs later in the day.

In New York, December delivery gold futures went down 0.01% reaching $1,291.94 a troy ounce.

Overnight, the major precious commodity stood still amid thin trading volumes. It’s because market participants waited for signs on monetary policy from a key banking symposium in Jackson Hall that burst out on Thursday.

Gold fluctuated in rather a narrow $6 range because market participants kept their powder dry ahead of decisive speeches by ECB Governor Mario Draghi as well as Fed Chair Janet Yellen.

Draghi isn’t supposed to provide much insight into the ECB’s view on monetary policy. However, market participants are supposed to parse Yellen’s statement to assess the Fed’s sentiment on a third rate lift later in 2017.



Gold fell below $1,700

Gold (XAU/USD) is declining for the second day in a row. The reason of such a dynamic is that investors have turned to stocks.

Latest news

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera