Gold And Silver Jump As Rate-Cut Bets Reignite Bull Run

News Snapshot:

The prospect of lower borrowing costs has boosted the allure of the non-yielding precious metals, which saw added support from growing haven demand as US President Donald Trump’s repeated criticism of Fed policymakers have sown concerns over the central bank’s independence. Trump’s move to fire Fed Governor Lisa Cook concluded without a judge’s decision on Friday and a ruling on whether she can continue her duties is not expected to arrive before at least Tuesday. The decision is likely to have huge implications for global financial markets and investors’ confidence in the US. Separately, a federal appeals court ruled that...