Gold firms as dollar weaken, focus on Jackson Hole

* Trump calls on lined Governor Cook to resign * Goldman Sachs maintains gold $ 4,000/toz forecast for mid -2026 * Platinum more than 2% (update prices, adds details of Fed -Minute in paragraph 4) by Ashitha Shivaprasad August 20 (Reuters) -Gold on Wednesday stood up as Reserve for the emerging emerging foxes. Disenters appeared alone in favor of a rate reduction during the July meeting. Spot gold received 0.9% to $ 3,344,37 per ounce, by 2:23 pm EDT (1823 GMT) after hit the lowest level since August 1. US Gold Futures closed 0.9% higher at $ 3,388.50. The US dollar relieves, which makes dollar prices bullying more affordable for other currencies. The two Federal Reserve policymakers who have last month’s decision to keep interest rates unchanged – Vice Chairman for Supervision Michelle Bowman and Governor Christopher Waller – appear to be on a rack for a rate cut. Within 48 hours of conclusion of the meeting, it seemed as if the data of weaker than expected work confirmed their concerns. “Traders pull it up, while considering this news as outdated as before the shocking employment report,” says Tai Wong, an independent metal trader. Marketig moved to Fed chairman Jerome Powell’s speech on the annual Jackson Hole Economic Symposium on Friday. “If Powell is dull, it is bullish for gold because it has no interest. It will have to break $ 3,350/oz and then eventually have to test $ 3,400 per oz if it is dull,” said Bob Habrikorn, RJO Futures Market strategist. According to the CME Fedwatch tool, traders currently expect a 83% chance at a quarterly point reduction in September. Goldman Sachs maintained its $ 4,000/Toz forecast in mid-2026, citing structurally strong demand for central bank, ETF inflow supported by Fed Easing, and a 30% probability of a US recession within 12 months. Meanwhile, US President Donald Trump has called on Federal Reserve Governor Lisa Cook to resign because of the allegations of mortgage loan, which has strengthened his attempt to influence the US Central Bank. Silver rose 1.1% to $ 37.78 an ounce, among other things, and platinum rose 2.1% to $ 1,333,43, while palladium rose at $ 1,115,15. (Reporting by Ashitha Shivaprasad in Bengaluru; Editing by Shreya Biswas)