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18 April 2024

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Gold hits 2-week high after Trump fires Fed's Cook

26-08-2025 09:25 AM


Ammon News - Gold rose to a two-week high on Tuesday, as the dollar slipped after U.S. President Donald Trump said he was removing Federal Reserve Governor Lisa Cook.

Spot gold was up 0.2% at $3,373.38 per ounce, as of 0523 GMT, after hitting its highest level since August 11 earlier in the session.

U.S. gold futures for December delivery gained 0.1% to $3,421.10.

The U.S. dollar index fell 0.2% against its rivals, making gold less expensive to overseas buyers.

Elsewhere, spot silver rose 0.6% to $38.79 per ounce, platinum was up 0.1% at $1,343.45 and palladium climbed 0.9% to $1,095.80. Reuters




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