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Supreme Court case on Fed Governor Cook could drive next $500 gold rally, says StoneX’s O’Connell
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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The Supreme Court said Wednesday that it will hear oral arguments in the case challenging President Donald Trump’s authority to fire Federal Reserve Gov. Lisa Cook on Jan. 21. Trump said on Aug. 25 that he was firing Cook, one of seven Fed governors, citing claims that she committed mortgage fraud in connection with two residences that she owns. Cook, who ...
From fxstreet.com | Nov 12, 2025
Gold price (XAU/USD) extends the rally to around $4,195 during the early Asian session on Thursday. The precious metal rises to the highest level since October 21 ahead of the vote to end the US government shutdown, which would offer economic clarity and set the stage for the Federal Reserve’s (Fed) next move. Fed officials are set to speak later in the ...
From forex.com | Nov 12, 2025
XAU/USD has now recorded four consecutive bullish sessions in the short term, maintaining a gain of approximately 5.4%. The metal has even attempted to consolidate near the $4,200 per ounce level. The buying pressure seen in recent sessions has remained firm, supported by expectations of a more accommodative monetary policy from the Federal Reserve, which ...
