Gold 
Gold Price Outlook
“Gold prices have been consolidating since the third week of June. This consolidation could continue through the end of August 2026, when the Kansas City Fed holds its Jackson Hole conference between 27 and 29 August. Comments at last August’s Jackson Hole conference triggered a multi-month gold buying spree. The Fed under its new leadership does not plan to provide the sort of forward guidance provided by the Fed over the past quarter century. This will make investors even more reliant on parsing speeches to get a sense of what the Fed is thinking.
There also are other macroeconomic releases before then,which also could sway prices. In the absence of any major surprise for the July employment or inflation data markets will remain focused on gathering clues from speeches at the Jackson Hole summit later this month.”
The full Precious Metals Advisory report is available directly from CPM Group. For more information, visit their website, www.cpmgroup.com
*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.
