The price of gold rose again to hit a record level on Tuesday, reaching a spot price of more than $3,550 as markets once more brace for potential political turmoil. At the same time, UK gilt yields have risen to close to almost its highest level since 1998.
Christine Lagarde, president of the European Central Bank (ECB), has warned of consequences if President Trump is allowed to exert force over the Federal Reserve rather than it keep its independence, saying “the effects this would have around the world [would] be very worrying”.
