Gold will fail to reach $4,950 amid Fed data

Gold will not hit $4,950 in the week of August 24, 2026. Despite a strong August rally of approximately 13 percent and a Friday close at $4,661.60 on August 21, bullion will stall as Jackson Hole opens on August 27 with Fed Chair Kevin Warsh speaking and the US Personal Income, Spending and PCE pri…