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Why Trump's challenge to Fed's independence may make gold the 'safe haven of choice' for investors
President Donald Trump made a move to fire a member of the Federal Reserve's Board of Governors, potentially undermining confidence in the U.S. dollar and Treasury bonds - and boosting the appeal of gold and other assets perceived as safe havens. "The Fed's independence is its calling card, and the move to fire a governor is a direct assault on the Fed's ability to manage monetary policy free [of] political motives," said James St. Aubin, chief investment officer of Ocean Park Asset Management. "When you start to erode faith in monetary policy for the world's reserve currency, you are playing with fire," he told ... (full story)
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