Jackson Hole Day: Markets Await Powell’s Rate Signal

Market tension is peaking. Investors across the globe are bracing for Fed Chair Jerome Powell’s remarks at the Jackson Hole Economic Symposium. Dollar, gold, silver, Bitcoin, and equities are all expected to react sharply based on the direction of Powell’s message on interest rates.

According to analysts, a dovish tone that hints at rate cuts could fuel a rally in gold, silver, and cryptocurrencies like Bitcoin. Conversely, a hawkish stance would likely strengthen the dollar and increase selling pressure in stock markets.

As of the morning of Friday, August 22, markets opened mixed. Spot gold is trading at $3,331 per ounce, while gram gold stands at 4,393 TRY. Silver is hovering around $38. The USD/TRY rate is at 41.01, and the EUR/TRY at 47.58.

Bitcoin opened the day at $113,196, and Ethereum at $4,301. Crypto traders are closely watching for Powell’s comments, which could determine the next major move. Meanwhile, Borsa Istanbul and global equities are maintaining a cautious stance.