Gold (XAU/USD) has firmed, gaining 1% since Aug 22 as Fed Chair Powell’s dovish Jackson Hole speech fueled bets on two Fed rate cuts in 2025. Lower yields enhance gold’s appeal, while safe-haven flows added support after President Trump fired Fed Governor Lisa Cook, raising concerns over Fed independence. Prices hit a two-week high of $3,387 before easing, with technicals signaling a short-term bullish bias above $3,352/3,347 support.
26-08-2025 05:01 GMT
by Kelvin Wong