27 Aug 2025
Gold slips from two-week peak as US Dollar firms, Fed turmoil in focus
Gold retreats on Wednesday after peaking at a two-week high of $3,394, pressured by a stronger US Dollar.
Political uncertainty deepens as Trump pushes to remove Fed Governor Lisa Cook.
Light economic calendar in the US turns focus to Thursday’s Initial Jobless Claims and Friday’s core PCE inflation.
Gold (XAU/USD) is trading on the back foot on Wednesday as the US Dollar (USD) regains strength and edges higher, despite political turmoil surrounding US President Donald Trump’s attempt to oust Federal Reserve (Fed) Governor Lisa Cook.
