Gold Price Forecast: XAU/USD Fell As US Yields Ticked Higher After Powell's Words
August 26, 2023 at 16:58 PM EDT
On Friday, the gold price faced selling pressure after Fed Jerome Powell’s words at the Jackson Hole Symposium. The yellow metal traded near the $1,910 area, where the 20-day and 200-day simple moving averages appeared set to perform a bearish cross.