Gold Rises For the First Day in Five as the Dollar and Yields Ease Ahead of Friday's Fed Conference

09:10 AM EDT, 08/20/2025 (MT Newswires) -- Gold prices rose early on Wednesday, moving higher following four losing sessions as the dollar and yields fell with the market awaiting the Friday start of the Federal Reserve's annual Jackson Hole Economic Policy Symposium in Wyoming.

Gold for December delivery was last seen up US$25.60 to US$3.384.30 per ounce.

Fed Chair Jerome Powell will open the central bank's policy conference with a morning speech that will be closely watched for any indication of the its view on interest rates. The Fed's policy committee is still widely expected to cut rates by 25 basis points at the Sept.17 end to the next meeting of the bank's policy committee, though the outlook has been clouded as inflation continues to run above its 2% target even as the U.S. economy slows.

Gold has seen "a four-day decline as peace talks and anticipation of Powell's Jackson Hole speech kept traders cautious. Markets are looking for guidance on how the Fed intends to balance sticky inflation with slowing growth," Saxo Bank noted.

The dollar weakened early, bullish for commodities priced in the currency. The ICE dollar index was last seen down 0.13 points to 98.13.

Treasury yields also eased, with the yield on the U.S. two-year note last seen down 1.4 basis points to 3.744%, while the 10-year note was paying 4.301%, down 0.8 points.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.