Comments via TD on gold and what to expect ahead of and after Fed Chair Powell speaking on Friday (1400GMT)
market is anxiously anticipating Fed Chair Powell's Jackson Hole speech
- gold positioning firmly skewed to long exposure
- disappointing market expectations suggest prices could be poised for a consolidation lower in the near term
any downside will likely be contained
- as a weakening economy,
- growing negative debt pile
- and dovish global central banks
- remain a strong platform for the yellow metal moving forward
