WATCH THE VIDEO HERE Bullion hit another record Tuesday while the dollar steadied and equities mostly fell as Donald Trump’s latest salvo against Federal Reserve boss Jerome Powell added fuel to fears about the central bank’s independence. With the US tariff blitz still causing ructions on global trading floors, investors are now dealing with the added worry that the US president will try to remove the country’s top banker that many fear could hammer already fragile market confidence. Trump took a swipe at Powell last week for his warning that the sweeping levies would likely reignite inflation, saying his “termination cannot come fast enough” and adding that “I’m not happy with him. I let him know it and if I want him out, he’ll be out of there real fast, believe me”. While that raised eyebrows, the Republican tycoon sent shivers through markets Monday by calling on the Fed boss again to make pre-emptive cuts to interest rates and calling him a “major loser” and “Mr. Too Late”. He said on his Truth Social platform that there was “virtually” no inflation as energy and food costs were well down and pointed to the several reductions by the European Central Bank.
Gold hits record, stocks slip as Trump fuels fed fears
