Gold prices rise to over three-month highs; market focuses on key U.S. inflation data and Walsh's speech
2026-08-24 10:26:58
According to CoinMeta, gold prices rose to their highest level in over three months on Monday, with the weakening dollar providing support. Market attention has shifted to key U.S. inflation data and remarks by Federal Reserve Chairman Jerome Powell later this week. KCM Trade Chief Market Analyst Tim Waterer stated that gold has been active at the start of this week, regaining buying support, and is currently driven mainly by the weakening dollar. At the same time, the market is more concerned about the potential economic pressures and policy uncertainties that may arise from rising yields. The market will be watching the July PCE price index and Powell's speech at the Jackson Hole Symposium this week for new clues regarding interest rate prospects. Traders will closely monitor whether there are any changes in his tone regarding the policy path and how this stance corresponds to recent trends in the bond market. If the tone is balanced or cautious, and flexibility is retained for policy, it could open the door for further increases in gold prices.
Source:Jin10 Data
This content is for market information only and does not constitute investment advice.
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