Gold price today August 23: Precious metals recover slightly
The current price of gold in the global market is slightly up at $1904 per ounce, an increase of $3 compared to earlier this morning.
Gold prices have risen as the momentum of the US dollar has slowed down and yields on US bonds have slightly decreased.
Analysts believe that gold prices are showing signs of stability ahead of Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole Symposium later this weekend.
The decline in US bond yields, which hit a 16-year high, has also contributed to the recovery in gold prices.
Gold prices have risen as the momentum of the US dollar has slowed down and yields on US bonds have slightly decreased.
Analysts believe that gold prices are showing signs of stability ahead of Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole Symposium later this weekend.
The decline in US bond yields, which hit a 16-year high, has also contributed to the recovery in gold prices.
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