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Benzinga
Benzinga
Business
Piero Cingari

Trump-Cook Battle Triggers Rush To Gold As Bullion Eyes New Records

Lisa Cook Donald Trump Lisa D Cook United States Bill Pulte Gold US Federal Reserve Monetary Policy
Rising,Gold,Prices,Concept.,Investment,In,Precious,Metals,In,The

Gold prices rallied Friday, inching near record highs, as a legal battle over President Donald Trump's attempt to fire Federal Reserve Governor Lisa Cook continued to stoke fears of political interference in U.S. monetary policy and triggered a rush to precious metals.

The yellow metal – as tracked by the SPDR Gold Trust (NYSE:GLD) – climbed nearly 1% to trade at $3,450 per ounce, just shy of the intraday record of $3,500 set in April. This would mark gold’s fourth straight session of gains.

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