At a new historical high, US President Donald Trump’s attack on Federal Reserve, Jerome Powell, sent the honor of gold, as he raised concerns about the independence of the US Federal Bank and further hit their investment investment psychology.

Gold’s spot price on Tuesday morning broke the $ 3,500 Dam

The US contract for precious metal, June 2025, moves to 3,465 dollars or ounce, with profits of more than 1%.

“Investors widely avoid US assets amid duty and drama concerns in Trump-Powell relationships, which keep gold in a prominent position to capitalize on dollars,” according to Tim Waterer, leader in KCM Trade.

It is recalled that Donald Trump again demanded the immediate reduction of Fed interest rates, warning that the growth rate of the US economy could slow down, while criticizing Powell’s stance to maintain interest rates unchanged until the impact was clear.

Gold, considered a “safe” refuge “in times of economic uncertainty, has scored almost 33% so far this year.

However, the golden validity index (RSI) is at 79, suggesting that precious metal is over -worn.