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PRECIOUS-Gold holds steady as investors eye Fed's Jackson Hole meeting
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PRECIOUS-Gold holds steady as investors eye Fed's Jackson Hole meeting
Aug 18, 2025 6:22 PM

Aug 19 (Reuters) - Gold prices were little changed on

Tuesday as investors focussed on the Federal Reserve's Jackson

Hole meeting later this week, which could provide insights into

the U.S. central bank's trajectory of interest rate policy.

FUNDAMENTALS

* Spot gold was up 0.1% at $3,334.91 per ounce, as of

0047 GMT. U.S. gold futures for December delivery rose

0.1% to $3,379.40.

* The Jackson Hole conference in Wymoing, set for August

21-23, where Fed Chair Jerome Powell is expected to speak, could

offer more clarity on the economic outlook and the central

bank's policy framework.

* Investors currently assign an 84% probability of a

25-basis-point rate cut at the Fed's September meeting,

according to the CME FedWatch tool.

* Gold, a safe haven asset during the times of geopolitical

and economic uncertainity tends to perform well in low interest

rates environment.

* Minutes from the Fed's July meeting, due on Wednesday, are

also expected to provide further cues on monetary policy.

* U.S. President Donald Trump told President Volodymyr

Zelenskiy on Monday that the United States would help guarantee

Ukraine's security in any deal to end Russia's war there, though

the extent of any assistance was not immediately clear.

* Trump said it was a "very good" meeting and he had begun

arrangements for a meeting between Russian President Vladimir

Putin and Zelenskiy after a subsequent call with Putin.

* The Zelenskiy meeting came after an Alaska summit between

Trump and Putin that failed to yield an agreement. Trump after

the Alaska talks with Putin appeared more aligned with Moscow on

seeking a full peace deal instead of a ceasefire first.

* Elsewhere, spot silver rose 0.2% to $38.07 per

ounce, platinum gained 0.3% to $1,327.30 and palladium

was down 0.9% to $1,112.03.

DATA/EVENTS (GMT)

1230 U.S. Housing Starts Number July

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