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Trump and US Fed clash may push gold prices towards $3,600/oz by year-end
Recent uncertainty surrounding the standoff between US President Donald Trump and the Federal Reserve makes gold more attractive for investments. Despite the US government’s unprecedented attacks on the Fed, financial markets have remained surprisingly calm. Following Trump’s announcement of Fed Governor Lisa Cook’s dismissal, there are no signs of elevated nervousness in the stock, bond, or foreign exchange markets. Increased uncertainty is evident in the precious metals markets, where the price of gold recently hit a new all-time high, surpassing $3,500 per ounce. This trend, however, is not observed across ... (full story)
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