Gold slips 0.2% to $4,646.77 as markets await Warsh remarks

Spot gold fell 0.2% to $4,646.77 a troy ounce in Asian trade as markets awaited Federal Reserve chairman Kevin Warsh’s remarks at the annual Jackson Hole gathering Friday. ANZ Research analysts said investors were looking for clarity on when the central bank may react to inflation. Higher interest rates typically pressure nonyielding assets such as gold. Treasury Secretary Scott Bessent also offered no further signals on possible changes to U.S. debt management after last week’s bond-buyback announcement revived concerns about U.S. fiscal policy and weakness in the dollar.

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