Jackson Hole predictions: Big turning point for markets, bad news for gold? Gary Wagner
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).