Photo: Consentphotos.com Gold lost the majority of growth after US President Donald Trump said he had no plans for rejecting the head of the federal reserve system (Fed) Jerome Powell. Trump said his administration was very interested, but there was no plan to do anything to Powell. After that, answering the question of whether he completely excluded the possibility of rejecting Powell, the president added that “this is extremely unlikely if he doesn't have to leave due to fraud.” Earlier, Gold increased by 1.6% after the White House representative stated that the president could soon dismiss the head of the Fed. Trump also discussed this step at a meeting with the Republican party in the National Assembly on Tuesday night, but the Republican Party spoke out against this idea. The power offering of Powell may be able to end the author's authority before the end of 2026 and ask the Fed's independence and are thought to be adversely affecting the dollar, while increasing the gold demand as a property allowance. The spot price for gold is currently nearly $ 3352 for ounce, the report of Bloomberg.
