Gold Holds Steady Ahead Of Jackson Hole Symposium
Gold prices edged higher in Europe on Thursday, but were kept in a narrow range by uncertainty over how far the Federal Reserve will satisfy market speculation that it will unveil another round of measures to stimulate the U.S. economy.
A speech by Fed chairman Ben Bernanke at a central bankers’ symposium in Jackson Hole, Wyoming, on Friday will provide clues on the chances of the Fed embarking on another asset buying program, known as quantitative easing.
The metal has climbed more than 2 percent since minutes of the Fed’s last meeting, released on Aug 22, suggested the bank may be set to launch a third round of QE to boost growth.
