Gold trades near record highs as Trump's Fed push fuels 'growing global investor unease'

From uk.finance.yahoo.com

Gold (GC=F) prices moved higher Tuesday to trade near record levels after President Trump moved to oust Fed governor Lisa Cook late Monday over alleged mortgage fraud, raising fresh concerns about the central bank's independence. Wall Street sees the precious metal's upward movement as far from over, especially if Cook, who has refused to step down, is replaced. "We think the episode will add to growing global investor unease over Trump's efforts to influence the independent central bank," UBS chief investment officer Americas and Global Head of Equities Ulrike Hoffmann-Burchardi said. Gold futures in New York ... (full story)