Gold prices rise after profits from the escalation of concerns about the independence of the "federal"

The price of gold stabilized two days after the profits, amid increasing concern in the markets of the erosion of the independence of the US Federal Reserve, in the wake of President Donald Trump’s efforts to reject ruling Lisa Cook, in a move that could change the financial composition and aggravate the risk of inflation. Cook said she would withstand Trump’s movements to isolate her, related to accusations of forgery of real estate relationship documents. Her lawyer confirmed that the attempt to dismiss a legal or realistic basis has rejected. If Trump manages to isolate Cook, he will be able to assign a majority of four members of the seven council, increasing his ability to lower the interest rate, a claim he repeatedly repeated. The markets are afraid that it will weaken the independence of US monetary policy, undermine the confidence of investors and can be accelerated with a new big wave. Gold is looking for a new incentive after touching the record levels that had $ 3500 an ounce in April, and has been moving gold in a narrow series in the past few weeks, with investors looking at new incentives paying prices in any direction. In the last period, the yellow metal benefited from commercial and geopolitical tension, the purchase of central banks and the motivations of the indicators, in light of the efforts away from the dollar. By 9:04 Singapore time, gold fell by 0.2% to $ 3391.71 per ounce. The Bloomberg index for the immediate dollar also dropped 0.1%. Silver and palsmium remained stable, while platinum decreased slightly.