Gold prices are on the rise as investors turn their attention to Federal Reserve Chairman Jerome Powell's upcoming speech. The precious metal has been a safe haven for investors during times of economic uncertainty, and recent market volatility has driven up demand for gold.
Traders are closely watching Powell's remarks for any hints on the central bank's future monetary policy decisions. Speculation is rife that the Fed may consider tapering its asset purchases or raising interest rates sooner than expected, which could impact financial markets globally.
