Buscar Company (CGLD)

[moneymarkets]

Gold futures turned higher Thursday morning as Federal Reserve Chairman Jerome Powell announced changes to the central bank’s policy framework in a speech at the Jackson Hole economic symposium that were perceived as more accommodative, and bullish for bullion buyers.

“I think Powell and other central bank heads at the Jackson Hole Symposium are likely to reaffirm their commitment for running [quantitative easing] at full throttle for a while yet,” wrote Fawad Razaqzada, market analyst at ThinkMarkets, in a Thursday research report. “If so, this should keep gold supported and keep the pressure on the dollar.”

https://www.marketwatch.com/story/gold-edges-lower-thursday-as-investors-await-powells-jackson-hole-speech-2020-08-27