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Gold climbs 5-week peak on weaker dollar, Fed independence concerns
Gold prices hit a five-week high on Thursday, supported by a softer dollar and safe-haven flows, due to ongoing concerns over the Federal Reserve's independence. Spot gold rose 0.4% to $3,409.99 per ounce at 1204 p.m. ET (16:04 GMT), its highest level since July 23. U.S. gold futures for December delivery were up 0.5% at $3,466.10. The dollar index slipped 0.3%, making greenback-priced gold more affordable for overseas buyers. [US/] "Gold has been climbing quietly but steadily higher for over a week due in part to rising concerns about Fed independence. Trump's pressure... is spurring unease that the FOMC could cut ... (full story)
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- Aug 28, 2025 1:20pm Posted byFundamental Analysis206
