Gold Forecast: Markets Grind Slightly Higher on Thursday

The gold spot market rallied a bit during the trading session on Thursday, to reach above the $1760 level. The market is likely to continue seeing a lot of noise.Gold markets are waiting to see what happens on Friday morning, as Jerome Powell has a speech at the Jackson Hole Symposium.Traders are trying to figure out whether the Federal Reserve is going to reiterate its hawkish attitude, or if it is going to have to pivot. After all, there is somewhat mixed economic news out there, but at the end of the day, inflation is still a big deal.

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