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© Reuters. Gold resolves in the expectation of the President's speech at Jackson Hole(Reuters) – Gold prices remained flat above $ 1,500 on Thursday as investors waited for Federal Reserve Chairman Jerome Powell's speech at a meeting of central banks to assess any signs of declining interest rates in the United States.
The spot price was set at $ 1502 an ounce around 6:12 GMT.
US futures fell 0.3% to $ 1,510.90 an ounce.
Markets are now focusing on Powell's Friday speech at Jackson Hole, seeking to clarify the course of US monetary policy, especially after reversing the US Treasury yield curve that highlighted the risk of a recession.
The minutes of the July US Central Bank meeting, released on Wednesday, showed policymakers were divided on interest rate cuts, but they were united in their desire to give the impression that they were not on the way to further cuts.
Among other precious metals, spot transactions fell 0.2% to $ 17.07 per ounce, while they fell 0.5% to $ 848.60. ounce.
It fell 0.9% to $ 1,458.52 an ounce.
(Prepared by Doaa Mohammed for the Arab Bulletin – Edited by Abdel Moneim Dirar)
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