Gold climbs as dollar dips before Jackson Hole speeches

Gold prices rose today, Thursday, by 0.4% to $4,607.90 per ounce, supported by a decline in the dollar and investors' expectations for the Federal Reserve Chair's speech in Jackson Hole, which is anticipated to clarify inflation trends and monetary policy. This follows a significant drop on Wednesday, and currently, markets are focusing on statements and Tom Worsley's remarks that could influence expectations for interest rate hikes, amid concerns over persistent inflation and the central bank's strategy. Additionally, other metals saw gains, with silver increasing by 1.8% and platinum by 1%.

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