Trump's "firing Powell" has taken effect, with safe-haven funds pouring in to support gold prices.

Jin10 data reported on July 16 that news has emerged suggesting Trump "might" fire Fed Chairman Powell. As a result of this news, gold has continued to rise. Related reports have also put pressure on the stock market, with the S&P 500 index falling by 0.4%. Clearly, the uncertainty surrounding Trump's ability to fire the Fed Chairman has become a pressure point for the overall market, prompting safe-haven funds to flow into gold, providing support for gold prices.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)