Gold Rices as Weaker Dollar, Trumps Powell Criticism Fuel Uncerty

Us dollar falls to lowest level since March 2022

Powell Says Fed Needs to Manage Inflation Risk

Trump Criticizes Federal Reserve Chair Powell as “Terrible”

June 26 – Gold Pries Edged Higher on Thursday, Lifted by a Weaker Dollar and Growing Uncertainty after reports suggested us president donald trump Had Considered Replace Powell as early as September or October.

The reports raised Concerns over the future independence of the US Central Bank, Boosting Demand for Safe-Han Bullion.

Spot Gold was up 0.2% at $ 3,339.20 per oounce, as of 0242 gmt. Us Gold Futures Rose 0.3% to $ 3,353.10.

The dollar fell to its lowest level since March 2022, Making Greenback-priced Gold Less Expected Expensive For Overseas Buyers.

Powell Told a Us Senate Panel on Wednsday That While Trump’s Tarifs May Cause a One-Time Price Hike, The Risk of Persistent Inflation is Significant Enough for the Center Aoti Further rate cuts.

“Trump Clearly Wants A Dovish Fed Chairman Next Time Around, So the Increased Likelihood of an aggressive rate-cutting cysting cycle is pinning down the usd,” Kcm tride Said.

Bullion tends to do well during periods of uncertainty and in a low-interest-also environment.

On Wednsday, Trump Called Powell “Terrible” and Said He is Considering Three or Four Candidates for the top fed post.

Meanwhile, the wall street journey reported that trump has taken toyed with the idea of ​​announcing power’s potential successor by September or October.

Markets are awareing us gdp print due day, while also keeping a watch for data on personal consumption expertures on friday.

“Gold is just basically basically treading water for

A Ceasefire Between israel and Iran appeared to be Holding on Wednsday as Trump, At a Nato Summit, PRISED THE SWIFT END to the 12-Day Conflict and Said He Bold Seek A Commitment from Iran to End Nuclear Ambitions at Talks Next Week.

Spot silver edged up 0.2% to $ 36.36 per oaunce, platinum firmed 2.3% to $ 1,385.38, while palladium surged 5.5% to $ 1,115.58.

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