Jackson Hole

Gold has climbed to a three-month high as U.S. dollar weakness and haven demand support the precious metals complex. Technical traders are watching whether gold can clear the $4,800-$5,000 resistance zone while silver attempts to break above $72.

Silver came under pressure as the 30-year Treasury yield held near 5.31%, overpowering any support from a softer dollar backdrop. Brent crude above $91 a barrel has revived inflation concerns, leaving traders focused on FOMC minutes and Jackson Hole for the next rate signal.

Bitcoin moved lower after a July inflation reading matched expectations, easing macro anxiety but offering little fresh fuel for risk appetite. Traders are now watching Jackson Hole, the Sept. 4 jobs report and the Sept. 11 inflation release for the next major catalyst.