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Jackson Hole Central Bank Annual Meeting Will Be Held This Thursday / The Price Of Gold Fluctuated Last Week

Jackson Hole Central Bank Annual Meeting Will Be Held This Thursday

The market’s eye-catching Jackson Hole Central Bank Annual Meeting will be held this Thursday (26th to 28th). However, in view of the recent rise in the risk of the new crown epidemic in Wyoming, this seminar will be changed to an online video conference for the second year in a row. Way to proceed. In addition, neither the European Central Bank President Lagarde nor the Bank of England President Bailey will attend, making the entire annual central bank meeting even worse. The market shifted its focus to a speech on Friday (27th) by Fed Chairman Powell on the subject of "economic prospects". However, due to the discrepancy between the subject and the "policy exit" originally expected by the market, the market can give Powell It is clearer that the chances of reducing the policy timetable have declined.


The Price Of Gold Fluctuated Last Week

The gold market was hit by many risk events last week, so the gold price trend was more volatile. At the beginning of this week, due to the political turmoil in Afghanistan, the market’s risk aversion sentiment rose significantly. The price of gold once rose above US$1,795 per ounce, but failed to break the US$1,800 per ounce mark. After the emergence of the hawkish Federal Reserve Minutes, the US dollar rose strongly, which caused the price of gold. Drag down. As of the close of last week, the price of gold rose only slightly. Investors will usher in the Jackson Hole Central Bank Annual Meeting this week. Fed Chairman Powell will deliver a speech. In addition, next week the United States will release heavyweight data such as GDP and PCE inflation indicators. It is expected that these factors will trigger severe market volatility next week.


 

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