22 August 2023
Gold futures rose on Tuesday, bolstered by a dip in U.S. 10-year Treasury yields. As analysts see signs of stabilization in gold prices, all eyes are on Federal Reserve Chairman Jerome Powell’s upcoming speech. Any insights on monetary policy developments, especially after recent uncertainty from the Federal Reserve’s minutes, could influence gold’s trajectory. Economic data on the U.S. job market and inflation will also play a crucial role in determining gold’s performance.