Fed, Jackson Hole
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Business Insider has you covered from every angle as investors gear up for Jerome Powell's Jackson Hole speech on Friday.
Gold prices edged lower on Thursday as the dollar strengthened, while investors awaited U.S. Federal Reserve Chair Jerome Powell's speech at the Jackson Hole symposium for signals on U.S. policy direction.
Lawrence G. McMillan is president of McMillan Analysis, a registered investment and commodity trading advisor. McMillan may hold positions in securities recommended in this report, both personally and in client accounts. He is an experienced trader and money manager and is the author of “Options as a Strategic Investment.” www.optionstrategist.com.
Gold prices fell on Thursday, pressured by a firmer dollar, while investors looked to the U.S. central bank's annual Jackson Hole symposium later in the day for further policy cues.
The multiday retreat in highflying technology stocks reflects jitters ahead of Federal Reserve Chair Jerome Powell's scheduled speech in Jackson Hole, Wyo., on Friday, said Peter Cardillo, chief market economist at Spartan Capital Securities.
The president's latest attack comes as Powell is scheduled to deliver remarks at the Fed's annual conference in Jackson Hole, WY, on Friday.
Federal Reserve chair is under bombardment from Donald Trump and battling an insurgency within the central bank