Federal Reserve Chair Jerome Powell is set to address an annual gathering of central bankers and economics bigwigs at a mountain resort in Jackson Hole, Wyo., Friday. Here's what you need to know: What exactly is the Jackson Hole Economic Policy Symposium?

Lawrence G. McMillan is president of McMillan Analysis, a registered investment and commodity trading advisor. McMillan may hold positions in securities recommended in this report, both personally and in client accounts. He is an experienced trader and money manager and is the author of “Options as a Strategic Investment.” www.optionstrategist.com.

Gold prices were steady on Thursday as investors awaited Federal Reserve Chair Jerome Powell's speech at the Jackson Hole symposium on Friday for signals on the central bank's policy direction.