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Gold hits 2-week high as dollar dips after Trump fires Fed’s Cook
Gold rose to a two-week high on Tuesday, as the dollar slipped after US President Donald Trump said he was removing Federal Reserve Governor Lisa Cook. Spot gold rose 0.2% to $3,371.28 per ounce, as of 0309 GMT, after hitting its highest level since August 11 earlier in the session. US gold futures for December delivery were steady at $3,418.90. “Trump has put traders a little bit on edge once again with his comments about Fed Governor Cook, which has resulted in gold picking up additional safe haven flows today,” KCM Trade chief market analyst Tim Waterer said. “There is a sense that Trump may be reshaping the ... (full story)
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- Aug 26, 2025 5:50am Posted byFundamental Analysis312
