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. Investors can see that as a threat to the political independence of the central bank, potentially undermining confidence in the U.S. dollar and Treasury bonds — and boosting the appeal of gold and other assets perceived as safe havens.
Trump's firing of Fed Governor Cook roils markets and Capitol Hill, boosts gold to the edge of $3,390/oz
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Gold gains on uncertainty surrounding Trump firing Fed official
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Gold prices holding steady as U.S. consumer confidences drops slightly to 97.4
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Gold Price Outlook – Gold Continues to Look for Momentum in Consolidation
The gold market continues to see a little upward pressure, but momentum is a bit lacking. This time of year, it is notoriously thin in volume at times, and this could be part of the issue at the moment.
Gold rises to $3,377/oz after U.S. durable goods decline -2.8% in July
Ernest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations.
Gold price modestly up as Trump says he fired Fed governor
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Gold market analysis for August 26 - key intra-day price entry levels for active traders
Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York.
Gold and bond yields spike as Trump looks to remove Fed governor Cook
Stock markets and bonds sold off after US President Donald Trump said he was dismissing Federal Reserve governor Lisa Cook over alleged mortgage fraud. Cook, who was accused by one of Trump's housing advisers of falsifying mortgage documents prior to her appointment, has said Trump has no authority to fire her and she will not resign.
Cloudbreak shares soar (again) as WA gold excitement continues to build
Cloudbreak Discovery PLC soared (again) on Tuesday, after the micro-cap explorer announced an expansion of its Darlot West gold project in Western Australia, increasing the landholding fivefold to 60.6 square kilometres. The project, which lies 10 kilometres southwest of the producing Darlot Gold Mine, now has some seven kilometres of extra strike in an area where Cloudbreak recently reported rock chip sampling grades up to 28.62 grams per tonne.
Gold price is well-supported despite easing geopolitical uncertainty - SocGen
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Gold (XAUUSD), Silver, Platinum Forecasts – Gold Moves Higher As Traders Ignore Dollar's Rebound
Rising Treasury yields did not put pressure on gold markets.
