Gold prices remain stable while silver experiences a slight decline in early U.S. trading on Monday, following a turbulent weekend and in anticipation of upcoming comments from the Federal Reserve chair. Gold is trading at $2,415.98, up $4.55. Silver is trading at $30.68, down 11 cents. The market has quickly absorbed the news of Saturday’s failed assassination attempt on former U.S. President Donald Trump. Traders and investors are now focused on a midday speech by Federal Reserve Chairman Jerome Powell at the Washington, D.C. Economics Club on Monday. Stock and financial market bulls are still buoyed by last week’s perceived dovish stance on U.S. monetary policy by the Federal Reserve, which has led the market to anticipate an interest rate cut in the coming months.
