Oil is consolidating at $80 as markets await the publication of Powell's speech

Oil (WTI Crude Oil

The median) is at $79.86 and is likely to close back above $80. US dollar strength is expected to pick up across the markets in the wake of Powell's speech later on Friday. The sudden drop from Wednesday sees a follow-up on Thursday and Friday.

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Gold prices held firm amid investors' anticipation of Powell's speech at the Jackson Hole symposium

#Gold prices held firm amid investors' anticipation of Powell's speech at the Jackson Hole symposium

The price of gold #trades sideways as investors shift their focus to Fed Powell's speech at the Jackson Hole Symposium. Market sentiment remains nervous about whether Jerome Powell will provide hawkish guidance on interest rates or prefer a neutral policy.

The US dollar rises ahead of Fed Chair Powell's speech at Jackson Hole

Here's What You Need to Know The US Dollar consolidated against the majors in the second half of Thursday and the US Dollar Index (DXY) posted its highest daily close. The US dollar maintains its early strength as market participants eagerly await the Federal Reserve Chairman's speech Jerome Powell at the Jackson Hole Symposium.