Jerome Powell’s speech at Jackson Hole boosted market confidence. Investors are now betting on a September rate cut. This has led to gains in stocks and a drop in Treasury yields. However, concerns remain about stagflation and the Fed’s independence. Donald Trump’s pressure on the Fed is also causing unease. The dollar weakened due to expectations of lower interest rates.
Gold slips as investors weigh Fed rate outlook
Gold slipped in early Asian trade on Tuesday as investors awaited the US Federal Reserve policy decision next week for signals on interest rates and