Jin10 data reported on July 16 that news has emerged suggesting Trump "might" fire Fed Chairman Powell. As a result of this news, gold has continued to rise. Related reports have also put pressure on the stock market, with the S&P 500 index falling by 0.4%. Clearly, the uncertainty surrounding Trump's ability to fire the Fed Chairman has become a pressure point for the overall market, prompting safe-haven funds to flow into gold, providing support for gold prices.
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Trump's "firing Powell" has taken effect, with safe-haven funds pouring in to support gold prices.
Jin10 data reported on July 16 that news has emerged suggesting Trump "might" fire Fed Chairman Powell. As a result of this news, gold has continued to rise. Related reports have also put pressure on the stock market, with the S&P 500 index falling by 0.4%. Clearly, the uncertainty surrounding Trump's ability to fire the Fed Chairman has become a pressure point for the overall market, prompting safe-haven funds to flow into gold, providing support for gold prices.