OCBC Bank: Jackson Hole Meeting Becomes a Key Test for Gold, Caution Needed for Short-Term Price Chasing

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智通财经2026/08/28 02:26

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Strategists at OCBC Bank pointed out that the Jackson Hole meeting will be the next key test for gold. The market is focused on the speech by Federal Reserve Chair Walsh, but such meetings usually do not include a Q&A session, so there is limited room for the market to receive clearer signals on September policy.
Traders will still closely analyze the speech to look for clues about the Fed's overall policy framework and how Walsh defines that framework, which may involve the persistence of inflation and forward guidance. These factors could still impact the US dollar, interest rates, market sentiment, and precious metals.
OCBC Bank maintains a bullish medium- to long-term outlook on gold, as concerns over US fiscal credibility support demand. However, as gold prices failed to hold at recent highs and yields and the US dollar have rebounded after stronger inflation data, it is not advisable to chase the rally in the short term.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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OCBC Bank: Jackson Hole Meeting Becomes a Key Test for Gold, Caution Needed for Short-Term Price Chasing

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