GOLD PRICES SLIP AS DOLLAR FIRMS AND TRUMP REMOVES POWELL UNCERTAINTY
Gold prices slipped on Thursday as the dollar strengthened and political concerns eased.
President Trump stated it was “highly unlikely” he would remove Fed Chair Jerome Powell, calming recent market speculation.
With a firmer dollar and reduced uncertainty around the Federal Reserve's leadership, gold saw short-term selling pressure.
Traders are now watching upcoming US data and Fed commentary for the next move in gold
Posted Jul 17, 2025, 8:38 AM UTC
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