Silver Rises Over 120% YTD 
Published: 20-08-2025, 09:00 am
Gold prices increased by 0.4% to $3,329.89 per ounce on Wednesday, though they continue to hover near their lowest levels in three weeks.
The precious metal is trading sideways as investors await two key events: the release of the Federal Reserve’s July meeting minutes and Fed Chair Jerome Powell’s speech at the Jackson Hole central banking conference on Friday.
Market analysts suggest gold needs the Fed to resume rate cuts to move higher, while the strong U.S. dollar is creating additional headwinds. Gold traditionally performs well during periods of low interest rates and economic uncertainty. Other precious metals showed mixed performance, with platinum gaining 1.1% while silver and palladium declined.
