The annual Jackson Hole Symposium, a gathering of central bankers, academics, and economists from around the world, takes place this year on August 26-28.
Gary Wagner, editor of TheGoldForecast.com, said that pressure is mounting for the Federal Reserve to announce tapering measures.
“The dollar continues to stay strong. Of course, tapering would strengthen the dollar, I believe. What we have right now, any dollar we’re seeing has been directly related to yields going lower in U.S. debt, such as the 10-year treasury note. I think that the talk of tapering would in fact be supportive of the dollar, that would put some pressure on gold,” Wagner told David Lin, anchor for Kitco News.
For more on Wagner’s gold price level predictions, watch the video above. Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV).
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.