The gold edge is lower than the DOLLAR Lur Companies, but there is a limit to the loss of unrest in feeding

Gold prices rose on Wednesday, although President Donald Trump threatens to support Bullion by Federal Reserve Governor Lisa Cook to support Bullean. Concerns about the freedom of the Central Bank were new.

Basic sites

After hitting its highest level on Tuesday, August 11, according to 0118 GMT, the spot gold per * Ounce T was 0.2%.
* US Gold Futures for December Delivery is up 0.1% at $ 3,435.70.
* The DOLLAR Lur Index rose 0.1% against its competitors, making gold less attractive to other currency holders.
* Trump said he was removing Cook for alleged disqualification to get a mortgage loan, which is a step that the U.S. Can check the boundaries of the President’s power on the Fed.

* In reply, Cook said that Trump had no right to leave him from the Central Bank, and he would not resign.
* Trump U.S. The Central Bank is forcing to reduce the rate and has repeatedly criticized the Fed chair Jerome Powell for very slow.

* Last week, Powell hinted at reducing the potential rate at the Fed meeting next month, citing rising risks in the US labor market.

According to the CME Fedwatch Tool, the Fed’s September 17 policy meeting now has markets prices in the possibility of reducing the quarter-point rate at 87%.
* Non-yielding gold usually performs well in a low interest-rate environment.

* Focus is now transferred to the Fed’s preferred inflation gauge, personal consumption cost index, for more signs on the US rate cut route.
* SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, said its holdings rose 0.15% to 959.92 tonnes on Tuesday from 958.49 tonnes.

* Somewhere else, the spot silver was flat at.