Aug 23 (Reuters) - Gold extended gains above $1,900 on Wednesday, drawing support from a retreat in U.S. bond yields as investors positioned for guidance from monetary policymakers at the Jackson Hole symposium.
Spot gold firmed 0.3% to $1,903.60 an ounce by 1136 GMT, drifting higher for a third straight session. U.S. gold futures rose 0.4% to $1,932.60...[LINK]
Not surprisingly, with the #dollar posting a 4-day low overnight, the #gold market has extended the reversal and forged a 3-day high in the early trade today.
Adding to the slight improvement in outside market conditions is a slight dip in treasury yields, which have been applying significant pressure to gold, especially with yesterday's treasury yields reaching the highest levels in 16 years.
Traders should expect little reaction in gold to US scheduled data today and instead expect an avalanche of Fed speeches from Jackson Hole to provide the beginning of a narrative for the Fed's September policy decision...[MORE]
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Aug 22 (Reuters) -Gold prices rose above $1,900 per ounce level on Tuesday, helped by a slight pullback in the dollar and bond yields as investors await the Jackson Hole Symposium later this week.
Spot gold was up 0.5% to $1,902.50 per ounce by 1009 GMT. U.S. gold futures gained 0.5% to $1,932.30...[LINK]
Good morning. The precious metals are higher in early U.S. trading.
U.S. calendar features Richmond Fed Index, Existing Home Sale, M2.
FedSpeak due from Barkin and Goolsbee.
Aug 21 (Reuters) - Gold held around five-month lows on Monday, pressured by higher bond yields as markets geared up for the Federal Reserve’s Jackson Hole symposium for clues on where interest rates might settle.
Spot gold was largely flat at $1,888.60 per ounce by 1125 GMT, while U.S. gold futures added 0.1% to $1,918.10...[LINK]
