Silver to $39.50: Up 9.4% Past 30 Days Invest in Silver Now 
Gold prices increased after President Trump attempted to remove Federal Reserve Governor Lisa Cook from her position, raising concerns about the Fed’s independence.
The precious metal rose as much as 0.6% to near $3,376 per ounce, supported by a weaker dollar. Cook refused to resign, stating Trump lacks the authority to fire her.
The move represents Trump’s continued efforts to influence Fed policy toward lower interest rates, which typically benefit gold prices.
Original Source: Yahoo Finance
Gold Hits $3,379 as Fed Drama Unfolds Gold climbed to approximately $3,379 per ounce Monday after President Trump announced plans to fire Federal Reserve Governor Lisa Cook. The news rattled markets, weakened the dollar, and sent investors rushing to safe-haven assets. With legal battles over Fed independence likely to drag on, expect continued volatility — and potentially more upside for gold — heading into September’s Fed meeting. Keep an eye on Friday’s PCE inflation data for the next major market catalyst. Fed Independence Battle Heats Up In an unprecedented move, President Trump announced he’s terminating Fed Governor Lisa Cook,
The Fed’s Jackson Hole conference exposed deep divisions as Chair Powell signaled potential September rate cuts while facing a “challenging situation” of stubborn inflation and weakening labor markets. Political tensions ran high, with President Trump threatening to fire Fed Governor Lisa Cook and security notably increased amid confrontations. Chicago Fed President Austan Goolsbee acknowledged “cross-currents” in a “difficult environment”, highlighting the challenge of timing policy changes correctly. Two governors dissented at July’s meeting, suggesting more discord ahead. Powell introduced a simplified policy framework focusing on the Fed’s core mandates, receiving a standing ovation from global attendees who recognize Fed independence’s
Silver rallied sharply toward 14-year highs after Fed Chair Powell’s dovish Jackson Hole speech triggered a dollar collapse and sent rate cut expectations soaring. Markets now price a 91% chance of a September rate cut, up from 72%, while the Dollar Index plunged 0.90% to 97.73, breaking below key moving averages. Treasury yields tumbled across the board, boosting non-yielding assets like silver. The metal has established critical support at $37.40-$37.50 and faces its next major test at the multi-year peak of $39.53. With Fed policy expectations tilted toward easing and the dollar under sustained pressure, silver maintains strong bullish momentum
Gold Hits $3,379 as Fed Drama Unfolds Gold climbed to approximately $3,379 per ounce Monday after President Trump announced plans to fire Federal Reserve Governor Lisa Cook. The news rattled markets, weakened the dollar, and sent investors rushing to safe-haven assets. With legal battles over Fed independence likely to drag on, expect continued volatility — and potentially more upside for gold — heading into September’s Fed meeting. Keep an eye on Friday’s PCE inflation data for the next major market catalyst. Fed Independence Battle Heats Up In an unprecedented move, President Trump announced he’s terminating Fed Governor Lisa Cook,
Gold prices increased after President Trump attempted to remove Federal Reserve Governor Lisa Cook from her position, raising concerns about the Fed’s independence. The precious metal rose as much as 0.6% to near $3,376 per ounce, supported by a weaker dollar. Cook refused to resign, stating Trump lacks the authority to fire her. The move represents Trump’s continued efforts to influence Fed policy toward lower interest rates, which typically benefit gold prices.
The Fed’s Jackson Hole conference exposed deep divisions as Chair Powell signaled potential September rate cuts while facing a “challenging situation” of stubborn inflation and weakening labor markets. Political tensions ran high, with President Trump threatening to fire Fed Governor Lisa Cook and security notably increased amid confrontations. Chicago Fed President Austan Goolsbee acknowledged “cross-currents” in a “difficult environment”, highlighting the challenge of timing policy changes correctly. Two governors dissented at July’s meeting, suggesting more discord ahead. Powell introduced a simplified policy framework focusing on the Fed’s core mandates, receiving a standing ovation from global attendees who recognize Fed independence’s
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