Gold slips as Fed chief Warsh\'s Jackson Hole speech looms
Gold slipped on Friday as market participants awaited closely watched remarks from Federal Reserve Chair Kevin Warsh at the Jackson Hole symposium. Spot gold fell 0.5% to $4,576.30 per ounce by 0157 GMT after hitting a more than three-month high earlier this week following the US Treasury’s announcement of support measures for long-duration bonds. US gold futures eased 0.8% to $4,629.00. The case for Warsh to lean hawkish is greater than the case for him not to, and that could see gold retreat further from its cycle highs in the near term, said Matt Simpson, a senior analyst at StoneX.