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Gold edges lower Thursday as investors await Powell’s Jackson Hole speech

August 27, 2020

Gold futures were tilting lower early Thursday ahead of a speech from Federal Reserve Chairman Jerome Powell and key U.S. economic metrics which could combine to serve as the next big catalyst for precious metals.

Powell’s speech, part of the annual symposium of central bankers and academics in Jackson Hole, Wyo., will be delivered via webcast at 9:10 a.m. Eastern, and could presage a change of tone by the U.S. central bank in regards to inflation.

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