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Gold dips and dollar higher as traders look to Powell's Jackson Hole speech - YAHOO FINANCE

AUGUST 22, 2025

Gold (GC=F)

Gold prices dipped slightly as the week closed out, with a key economic event in the US top of mind for traders. 

Spot gold fell 0.3% to around $3,326 per troy ounce, while gold futures (GC=F) pulled 0.3% lower to the $3,373 mark. Despite the dip, gold futures are still up more than 1% over the past five sessions amid geopolitical tensions surrounding the Russia-Ukraine war this week. 

Now, market twitchers are looking for clues from Federal Reserve chair Jerome Powell's speech at Jackson Hole. The Fed's stance on interest rates has remained "higher for longer" in recent months. 

The speech is being billed as an “Economic Outlook and Framework Review”.

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The dollar also firmed, making the yellow metal more expensive for overseas buyers. 

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