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Aug. 26, 2021, 1:51 p.m. EDT

Gold futures touch highs above $1,800 an ounce

Gold futures rose Thursday, touching intraday highs above the psychologically important $1,800 mark and recouping some of the losses suffered in the previous session. Investors await a speech from Federal Reserve Chairman Jerome Powell at the Jackson Hole symposium Friday for hints on the timing of the central bank's plan to scale back crisis-era monetary policy accommodations. December gold rose $4.20, or 0.2%, to settle at $1,795.20 an ounce after losing 1% Wednesday.

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