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The Open - Jim Wyckoff

Gold Hits 4-Week Low As Jackson Hole on Deck

(Kitco News) - World stock markets were mostly lower overnight. U.S. stock indexes are pointed toward weaker openings when the New York day session begins. The world marketplace is awaiting the Federal Reserve's annual symposium that starts Thursday in Jackson Hole, Wyoming. Fed Chair Janet Yellen speaks at the event on Friday. While it's hoped she will shed new light on the timing of any future interest rate increase from the U.S. central bank, many think her speech will not yield much fresh insight. However, past Jackson Hole Fed confabs have produced markets-moving results.

By Jim Wyckoff, contributing to Kitco News;
Follow Jim Wyckoff @jimwyckoff



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