{"id":15186,"date":"2025-08-22T02:05:22","date_gmt":"2025-08-22T02:05:22","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/15186\/"},"modified":"2025-08-22T02:05:22","modified_gmt":"2025-08-22T02:05:22","slug":"gold-shows-strong-move-back-to-the-upside","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/15186\/","title":{"rendered":"Gold Shows Strong Move Back To The Upside"},"content":{"rendered":"<p>(RTTNews) &#8211; After trending lower over the past few sessions, the price of gold showed a strong move back to the upside during trading on Wednesday.<\/p>\n<p>Gold for August delivery jumped $30 or 0.9 percent to $3,343.40 after falling $18.30 or 0.6 percent to $3,313.40 an ounce in the previous session.<\/p>\n<p>The rebound by the price of gold came amid modest weakness in the value of the U.S. dollar, with the U.S. dollar index edging down by 0.1 percent.<\/p>\n<p>Gold may also have benefitted from its appeal as a safe haven ahead of Federal Reserve Chair Jerome Powell&#8217;s highly anticipated speech at the Jackson Hole Economic Symposium on Friday.<\/p>\n<p>Powell&#8217;s remarks could have a significant impact on the outlook for interest rates ahead of the Fed&#8217;s next monetary policy meeting in September.<\/p>\n<p>CME Group&#8217;s FedWatch Tool is currently indicating an 82.9 percent chance the Fed will lower rates by a quarter point next month. <\/p>\n<p class=\"body__disclaimer\">The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.<\/p>\n","protected":false},"excerpt":{"rendered":"(RTTNews) &#8211; After trending lower over the past few sessions, the price of gold showed a strong move&hellip;\n","protected":false},"author":2,"featured_media":13297,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[175],"tags":[79,18,19,17,188],"class_list":{"0":"post-15186","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-eire","10":"tag-ie","11":"tag-ireland","12":"tag-markets"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/15186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=15186"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/15186\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/13297"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=15186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=15186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=15186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}