Gold price waits for rates clues from Jackson Hole

Political turmoil in the US has the potential to 'help gold in the short and longer term'

Janet Yellen
US Federal Reserve chairman Janet Yellen reports on the US economy at Congress yesterday
(Image credit: Nicholas Kamm/AFP/Getty Images)

Gold price surges as 'Trump trade' unravels

"Maybe investors should forget the Trump trade and start prepping for the Trump correction," says Robert Burgess on Bloomberg, reporting that Wall Street equity gauges yesterday endured their worst single-day performance since October, with the Dow Jones and S&P 500 both falling well in excess of one per cent.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us