Gold Price Rises Amidst US Political Uncertainty and Potential Monetary Policy shift
Gold price continues to show an increasing trend in line with the current global political situation and the prospect of policy change in the United States of america (US).
Financial market observer Ibrahim Asssuaibi saeid the primary factor driving gold’s strengthening is the political dynamics in the US.
“The price of world gold continues to increase, influenced by precious metals, and particularly by the ongoing political situation in america. This is especially true after Lisa Cook was dismissed by (US President Donald) Trump. Afterward, Lisa Cook appealed to the Federal Court and won her case,” he told CNNIndonesia.com, Wednesday (24/9).
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Ibrahim added that the situation is intricate by Trump’s continued efforts to prevent lisa Cook from remaining a Governor of the US Central Bank.Moreover, US economic data indicating a weakening workforce signals the potential for the Fed to lower interest rates in October.
“Nearly 85 percent of economists in America believe that The Fed is likely to reduce interest rates, a sentiment echoed by several governors of the american Central Bank,” he said.
According to Ibrahim, geopol
2025/09/24 08:05:34