Supreme Court case on Fed Governor Cook could drive next $500 gold rally, says StoneX’s O’Connell | Metals Mine

  • Supreme Court case on Fed Governor Cook could drive next $500 gold rally, says StoneX’s O’Connell

    From kitco.com

    Fear that the Federal Reserve will lose its independence has been a significant factor behind gold’s rally to record highs, and according to one market strategist, it could lead to the next $500 move. The U.S. Supreme Court said on Wednesday that it would hear oral arguments on Jan. 21 regarding whether President Donald Trump has the authority to fire Federal Reserve Gov. Lisa Cook. Trump has been trying to remove Federal Reserve Governor Lisa Cook from the central bank’s monetary policy committee since August. His attempt to fire her is based on allegations that she made false representations on mortgage ... (full story)

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