Gold prices traded higher again on Monday after experiencing a sharp fall last week.
The Asian session saw the yellow metal trading higher at around $1,917 an ounce, up from Friday's low of $1,902.
As expected, Federal Reserve (Fed) Chairman Jerome Powell's speech at the annual Jackson Hole symposium has sparked volatility in the market.
Powell pointed out that the central bank may need to keep raising interest rates to lower inflation, which is still too high.
Although the statement is not as hawkish as he delivered a year ago in Jackson Hole, but investors see another increase in interest rates towards the end of the year.
However, the fall in the price of gold after the statement was only temporary, before it bounced back to trade stable in early trading this week.
Even so, investors should look forward to the European and New York sessions for clearer gold price movements.
The focus next shifts to the release of key economic data, notably the US NFP jobs report on Friday.
