Fed Chair Powell Dips USD, Boosts S&P. Nikkei 225 Eyes Trend Line – Gold Silver Reports

The US Dollar suffered its second week of losses, with declines amplified as Fed Chair Jerome Powell spoke at the Jackson Hole Central Banking Symposium on Friday. While he did reiterate much of the status quo that gradual hikes are likely appropriate, a lack to go beyond that left hawks rather disappointed. Indeed, US government bond yields declined across the board.