The US dollar rose across the board on Thursday, while gold prices remained stable

Waiting for Powell to speak at the Jackson Hole annual meeting

The US dollar rose across the board on Thursday, while gold prices remained stable. Despite the strengthening of the US dollar and the rise in US Treasury yields, cautious sentiment in the market rose ahead of Federal Reserve Chairman Powell's speech at the Jackson Hole seminar.

Gold prices remained largely stable on Thursday, despite the strengthening of the US dollar and the rise in US Treasury yields. Prior to Fed Chairman Powell's speech at the Jackson Hole seminar, market caution increased.

The Federal Reserve held its annual seminar in Jackson Hole, Wyoming from August 24th to 26th, and investors will wait for Powell to speak at 10:05 am Eastern Time on Friday to confirm whether interest rates will remain high for an extended period of time.