Ahead of the US Nonfarm Payrolls (NFP) and ISM Manufacturing PMI data for August, the gold price (XAU/USD) is steady. These upcoming reports will play a crucial role in setting the tone for the Federal Reserve's interest-rate decision on September 20. During his speech at the Jackson Hole Symposium, Fed Chair Jerome Powell emphasized that future policy decisions would hinge on incoming data. Powell also mentioned that inflation has become more closely tied to job market conditions.
