Shafaqna English– Gold prices declined on Friday(28 Aug 2026) as market participants eagerly awaited Kevin Warsh’s much-anticipated remarks at the Federal Reserve’s annual Jackson Hole symposium. This speech, which could clarify the future path of U.S. monetary policy, has captured the full attention of financial market investors, and many traders have refrained from making new gold trades until interest rate prospects become clearer.
Spot gold traded 0.5% lower at $4,576.30 per ounce by 0157 GMT, a decline that came after the metal had reached a three-month high earlier in the week, driven by the Treasury’s support measures for long-duration bonds. In the futures market, U.S. gold also fell 0.8% to $4,629.00.
Source: Reuters