Gold Holds Steady as Fed Chair Warsh Prepares Jackson Hole Address

Gold prices have stalled in the first half of the trading day, with the metal hovering near its 2026 peak as investors await Fed Chair Kevin Warsh’s upcoming speech at the Jackson Hole symposium. The pause in gold’s momentum comes amid a market that is otherwise split: U.S. technology stocks rallied on stronger-than‑expected earnings, pushing the broader market slightly higher, while European indices slipped on mounting political uncertainty in France.

Asian markets traded cautiously, reflecting a mix of anticipation for the Fed’s policy outlook and a lack of clear catalysts. In the digital asset space, Bitcoin steadied near the $80,000 mark, posting a back‑to‑back weekly gain that suggests a brief rebound after a recent dip.

Commodities were mixed as well; crude oil prices edged up modestly after a brief dip, while other staples remained largely unchanged.

With Warsh’s remarks set to address the Fed’s stance on inflation and the path forward for monetary policy, market participants are keeping a close eye on any signals that could influence the trajectory of gold and other risk‑off assets in the days to follow.