Jerome Powell hinted at the possibility of cutting interest rates next month, but rising inflation may complicate this decision. Gold prices remain supported, ending the week at $3,371.23 per ounce, up 1% from the previous week. Most of these gains came after Powell’s speech at the Federal Reserve’s annual symposium, where he highlighted inflation risks and slowing economic growth.
Powell أكد that current restrictive policies may need adjustment, paving the way for a potential rate cut. Markets are expecting monetary easing in September, although analysts doubt that the Federal Reserve will continue aggressive rate cuts through the end of the year. Some economists argue that Powell is prioritizing employment over inflation, but they emphasize that future moves remain uncertain.
While gold has seen renewed momentum, analysts warn that it is still trading within a broad consolidation range. Technical forecasts suggest the possibility of sharp declines and strong rallies, depending on shifts in Federal Reserve policy.
Silver has outperformed gold, rising to around $40 per ounce and reaching its highest level since 2011. Analysts believe silver represents a more attractive investment option under current conditions, while gold’s upside remains limited due to uncertainty surrounding Federal Reserve policy.
