In the early trading session, the price of gold in the Asian market remained stable before Powell's speech.

The price of gold held steady during the early trading session in Asia. Spot gold was mostly unchanged, trading at $3,338.31 per ounce. Fadi Al Kurdi, founder and CEO of FFA Kings, commented that market participants may remain cautious ahead of Federal Reserve Chairman Powell's speech at the Jackson Hole symposium on Friday. He added, "The uncertainty surrounding whether Powell will indicate a stronger commitment to supporting employment or reiterate the stance on fighting inflation could influence market direction." A more dovish stance could boost the price of gold.