{"id":118088,"date":"2025-08-26T13:01:07","date_gmt":"2025-08-26T09:01:07","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=118088"},"modified":"2025-08-26T13:01:09","modified_gmt":"2025-08-26T09:01:09","slug":"gold-rises-as-fed-independence-concerns-fuel-safe-haven-demand","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-rises-as-fed-independence-concerns-fuel-safe-haven-demand\/08\/26\/market-updates\/","title":{"rendered":"Gold Rises as Fed Independence Concerns Fuel Safe-Haven Demand"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>Gold Gains on Political Uncertainty<\/strong><br>Gold prices climbed in Asian trading on Tuesday as investors sought safety after U.S. President <strong>Donald Trump moved to fire Federal Reserve Governor Lisa Cook<\/strong>, raising concerns over the central bank\u2019s independence. Spot gold rose <strong>0.3% to $3,375.29 per ounce<\/strong>, while October futures were up <strong>0.2% to $3,423.95\/oz<\/strong> by 00:24 ET (04:24 GMT). Spot prices briefly touched a <strong>two-week high of $3,386.49<\/strong>.<\/p>\n\n\n\n<p><strong>Trump\u2019s Latest Attack on the Fed<\/strong><br>Trump announced Cook\u2019s dismissal in a letter, citing allegations of mortgage fraud. Cook rejected both the allegations and Trump\u2019s authority to remove her, vowing to continue her role. If successful, the move could give Trump greater influence over the Fed\u2019s seven-member board, which already includes two of his nominees \u2014 <strong>Governor Christopher Waller and Vice Chair Michelle Bowman<\/strong>. Both supported Trump\u2019s push for a July rate cut.<\/p>\n\n\n\n<p>The dismissal follows Trump\u2019s repeated clashes with <strong>Fed Chair Jerome Powell<\/strong>, who has resisted immediate rate cuts but recently signaled that a September cut was possible amid labor market weakness. Analysts warn that the president\u2019s repeated interference risks damaging the Fed\u2019s credibility and the U.S. economic outlook.<\/p>\n\n\n\n<p><strong>Precious Metals Supported by Dollar Weakness<\/strong><br>Safe-haven buying wasn\u2019t limited to gold. <strong>Spot silver gained 0.7% to $38.85\/oz<\/strong>, while <strong>platinum added 0.1% to $1,346.40\/oz<\/strong>. A softer dollar helped support the gains, though the dollar index recovered above 98 points after early weakness.<\/p>\n\n\n\n<p><strong>Industrial Metals Extend Rally<\/strong><br>Industrial metals also benefited from the weaker dollar and lingering optimism over potential Fed easing.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>LME copper futures<\/strong> rose <strong>0.7% to $9,848.85\/ton<\/strong>, while <strong>COMEX copper<\/strong> added <strong>0.4% to $4.55\/pound<\/strong>.<\/li>\n\n\n\n<li><strong>Nickel and iron ore<\/strong> extended recent gains, with iron ore supported by news that <strong>Rio Tinto (ASX:RIO)<\/strong> suspended output at a Guinea mine following a fatal accident.<\/li>\n<\/ul>\n\n\n\n<p><strong>Market Outlook<\/strong><br>The prospect of Trump reshaping Fed leadership heightens political and economic risks, supporting safe-haven demand in gold and silver. At the same time, industrial metals are finding strength from expectations of Fed rate cuts that could bolster growth-sensitive commodities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold Gains on Political UncertaintyGold prices climbed in Asian trading on Tuesday as investors sought safety after U.S. President Donald Trump moved to fire Federal Reserve Governor Lisa Cook, raising concerns over the central bank\u2019s independence. Spot gold rose 0.3% to $3,375.29 per ounce, while October futures were up 0.2% to $3,423.95\/oz by 00:24 ET &hellip;<\/p>\n","protected":false},"author":9,"featured_media":105896,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,37,36],"tags":[],"class_list":["post-118088","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118088","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=118088"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118088\/revisions"}],"predecessor-version":[{"id":118089,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118088\/revisions\/118089"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/105896"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=118088"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=118088"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=118088"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}