Gold bounces back to $4,608 ahead of Fed chair's big speech

Gold rose 0.4% to $4,607.90 per ounce on August 27, 2026, bouncing back from a 1.4% drop the day before, Reuters reported. Futures contracts — agreements to buy gold later at a set price — closed 0.2% higher at $4,664. Fed Chair Kevin Warsh speaks Friday at Jackson Hole, but with his committee split on inflation, traders are unsure what to expect.