Gold’s Thespian Debut: From Jackson Hole to $3,500 – The Final Act
As Powell charmingly suggested that the economy might just be on its best behaviour, gold’s price ascended gracefully by around 1%, flirting with $3,370 an ounce. Meanwhile, the dollar took a backseat, and Treasury yields, those ever-dull but essential actors, bowed gracefully, opening the door for our favorite safe haven to strut its stuff. The market’s collective imagination was stirred: perhaps we’re drafting a dovish masterpiece, and gold is the star.




