Gold breaks above $3,400 as US Dollar bleeds on Trump-Powell fued

• Gold price trades at a fresh all-time high near $3,425 as Trump mulls the removal of Fed Powell for supporting a “wait and see” approach on interest rates.
• Questions over the Fed’s independence have weighed on the US Dollar significantly.
• President Trump expresses confidence in trade talks with a few trading partners

Gold price (XAU/USD) trades at a new all-time high near $3,425 during North American trading hours on Monday. The precious metal strengthens as the US Dollar (USD) bleeds, with the Federal Reserve’s (Fed) independence coming under threat as stabilizes above the $3,400 level.

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