Gold maintains its profits with an increasing anxiety over the independence of the federal

Gold prices maintained its profits after President Donald Trump’s invitation, a member of the Federal Reserve to resign, caused new concerns about the independence of the central bank, strengthening the demand for safe havens. The alloys have been riding more than $ 3.342 per gram, after rising by about 1% after Trump’s claim on Lisa Cook province to resign because of the allegations related to a real estate. If you resign, the president will give the opportunity to appoint a more likely member of the facilitating policy. However, Cook indicated that she intends to remain in her position in the federal reserve. Powell’s word is waiting in Jackson Hall. Traders are looking forward to the speech of Federal President Jerome Powell Friday at the annual meeting of Jackson Hall in search of references on the upcoming decisions. Traders expect federal interest rates to lower by at least 25 basis points next month, which will be positive for gold as it does not benefit. Also read: The interest: The attention of the central banks is on their way to Jackson Hall this week and the minutes of policy manufacturers met last month that officials saw the risk of inflation, as it exceeded concerns about the labor market. A strong performance since the beginning of the year has increased the precious metal in more than one quarter of this year, although most of the profits were achieved during the first four months when prices recorded a record level. Gold received support from the purchases of central banks and flows to the boxes circulating on the stock exchange, while many analysts, including the Wealth Management Unit in UPS, expected room for more profits. “The prices will remain high in the coming weeks as the market is ready to reduce US interest in September,” Fitch Solichns said in a note. She added: “We expect gold to range between 3200 and $ 3600 per gram for the rest of the year 2025.” Gold settled in Singapore at 9am at $ 3,342.40 per gram. The Bloomberg index also decided for the immediate dollar. There was no significant change in the prices of silver, albadium and platinum.