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Precious Metals Preview: Gold Sees Modest Gains Amid Dollar Weakness

25 Aug 2022 , 09:05 AM

Gold moved higher during Asian trades on Thursday, tracking weakness in the US dollar that has come under pressure ahead of the crucial Fed Chair Jerome Powells speech at the central banks economic symposium at Jackson Hole, Wyoming on Friday. The dollar index that measures the greenback against a basket of currencies is down 0.23% at 108.37. Gold futures that were trading below $1760 levels during the last couple of days managed to recover back and are currently quoting up by nearly half a percent at $1769 an ounce. Powered by Commodity Insights

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