Gold spikes after Jackson Hole

GOLD rose on Friday after Federal Reserve chair Jerome Powell failed to give a timeline for the scaling back of asset purchases at the Jackson Hole Symposium.

Gold spikes after Jackson Hole Gold spikes after Jackson Hole Gold spikes after Jackson Hole Gold spikes after Jackson Hole Gold spikes after Jackson Hole

Image: iStock/scyther5

The market had been concerned about tapering in the near-term, which put pressure on gold prices last week.

At 6am AWST on Friday, gold futures were trading at $1794/oz.

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