Gold price prediction today: Will gold, silver prices continue to fall? Check September 2, 2026 outlook
Gold price prediction today:
Jackson Hole was the key trigger that changed the Fed rate outlook and exerted heavy selling pressure on Gold and Silver since Friday. Spot Gold slipped from a three month high of $4,697 and now hovering below $4,300 level, a decline of almost 9% from highs. The sell-off accelerated after Fed Chair Kevin Warsh reiterated his focus on fighting inflation. Moreover, this week, the renewed tensions in the Middle East pushed oil prices higher, adding to inflation concerns and lifting expectations of a 25-basis-point Fed hike this month to nearly 70%.
Jackson Hole was the key trigger that changed the Fed rate outlook and exerted heavy selling pressure on Gold and Silver since Friday. Spot Gold slipped from a three month high of $4,697 and now hovering below $4,300 level, a decline of almost 9% from highs. The sell-off accelerated after Fed Chair Kevin Warsh reiterated his focus on fighting inflation. Moreover, this week, the renewed tensions in the Middle East pushed oil prices higher, adding to inflation concerns and lifting expectations of a 25-basis-point Fed hike this month to nearly 70%.
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