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Institution: Gold price hits record highs again as traders weigh Fed and tariff outlook

Institution: Gold price hits record highs again as traders weigh Fed and tariff outlook

ChaincatcherChaincatcher2025/09/01 02:28
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ChainCatcher news, according to Golden Ten Data, before the release of key U.S. employment data later this week, traders are weighing the Federal Reserve's future path and the uncertainty surrounding U.S. President Trump's tariffs, with gold prices remaining just below record highs. During the Asian morning session, gold prices were near $3,460 per ounce, up 2.3% last week.

The emergency hearing regarding Trump's dismissal of Federal Reserve Governor Lisa Cook concluded last Friday without a decision, and a ruling on whether she can continue to serve is not expected until at least Tuesday. This decision is likely to determine the future of the Federal Reserve. There are concerns that a reduction in the Fed's independence will undermine investor confidence in the United States—a situation that could boost demand for safe-haven assets such as gold.

In addition, a U.S. federal appeals court has ruled that the global tariffs imposed by the U.S. President under an emergency act are illegal, upholding the decision made by the International Trade Court in May. However, the judge allowed the tariffs to remain in effect during the trial, indicating that even if an injunction is issued in the future, its scope may be limited.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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