Reported about 5 hours ago
Gold prices are nearing record highs as President Trump's recent move to dismiss Fed governor Lisa Cook over mortgage fraud allegations raises anxieties regarding the independence of the central bank. Analysts expect continued upward pressure on gold prices, with forecasts suggesting a rise to $3,700 by mid-2026 due to anticipated weakening of the US dollar and Fed easing measures. The uncertainty surrounding Cook's position could also impact market perceptions and the Fed's credibility.
Source: YAHOO