Initially Gold Sells Off After Chair Warsh Jackson Hole speech while Silver initially held off

The initial reaction to Fed Chair Warsh’s Jackson Hole speech is that it was hawkish, but not nearly as hawkish as some in the market had feared. Gold initially sold off approximately $60, then rebounded Interestingly and now taking a deeper dive into selling off and down almost $100.00. See Watchgold for the Gold/USD 1 day chart on Watchgold.org.

The question now is whether the initial reaction to Warsh is largely behind us and precious metals can shake it off and resume their rally.

#Gold #Silver #PreciousMetals #JacksonHole #FederalReserve