Gold hits $3,500 for first time as Donald Trump’s attack on Jay Powell rattles markets

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Gold has recorded a Troy ounce for the first time on Tuesday, fearing the world’s largest economy in the sustainable attack by Donald Trump, the chair of the Federal Reserve in the United States.

The Haven hugged at the Asset, rising to $ 2.5 percent, and limited its position as the greatest winner of Trump’s return to Trump’s White House. Japanese Yen has been stronger for the first time since September, as the dollar has been stronger as the dollar index has gone closer to the minimum of three years.

In a post on his true social platform on Monday, Trump Brand Powell “Mr Mr Late” brand “Mr. Mr Late” and urged the central bank to reduce the cost of adopting “Orrow” now. The wave of criticism of Trump came after Powell warned last week that the administration’s obvious tariffs would lead to slow growth and higher inflation.

The tension between the US President and the central bank has identified a new challenge for the already affected investors from the aggressive trade policy of the administration.

The RBC analysts mentioned, “Title on Trump’s pressure on the Federal Reserve, the question about its freedom and the ability to dismiss Powell – regardless of the result – has already added uncertainty in a market with uncertainty,” RBC analysts mentioned.

On Monday, Trump’s Broadside S&P reduced 500K by 2.5 percent and technology-friendly Nasdak stopped 2.6 percent less. Strokes Europe decreased by 600 percent in the early trains of Tuesday.

On Tuesday, the dollar was reduced by 0.2 percent against the dollar large currency basket, this year it declined by about 10 percent.

In the bond market, the yield in the treasury is higher. The yield of 10 years increased by 0.02 percent points to 4.43 percent, the yield of 30 years increased by 0.02 percent points to 4.93 percent.

Have the President Often criticized Powell In order not to reduce interest rates rapidly, the fed chair says he will never be affected by political pressure.

The Feed This year, this year, after a large half-point step in September has been reduced to three times in 2021. The next meeting of the central bank is in May.

Investors and economists said that Trump’s term of his term to remove Powell before the end of May 2026 would risk the US economy to be damaged.

“Any decrease in FED’s independence will add upside down to an inflation outlook that is under ward -oriented pressure from expensive tariffs and some advanced inflation,” said Michael Feroli, chief US economist at JP Morgan Chase.

Gold, which depends on some investors as a hedge against inflation, has increased by 33 percent this year. According to the Standard Chartered, investors first paid at least 19 billion dollars in the trimester supported exchanged trade funds in the trimester.

Macro Kotcha, a foreign and emerging market for Asia in Berkless, said, “There seems to be some flow in gold,” adds a wide array of investors by adding a wide array Booian.