Gold Falters at Resistance, Grappling With PCE, Month-End Flows and Jackson Hole

Gold has enjoyed a strong month, but momentum has started to falter after the rally stalled near resistance. Sticky US inflation and firm growth data supported the US dollar, while month-end flows and Kevin Warsh's Jackson Hole speech add further near-term risk.

Source: Forexcom

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Category Forex

Source Forexcom

Published 4 weeks ago

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News ID #11,028

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