RGLD - Editor's Picks: Gold Price Breaks US$3,400, Silver Added to Draft US Critical Minerals List

2025-08-29 17:05:00 ET

The gold price was on the rise this week, breaking through US$3,400 per ounce once again.

It's been pushed higher by US dollar weakness, as well as Federal Reserve turmoil.

President Donald Trump has been pressuring Fed Chair Jerome Powell to cut interest rates for months, and on Monday (August 25) the situation developed further when Trump posted a letter on his social media platform Truth Social. In it, he said he was removing Lisa Cook from her position on the central bank's board of governors due to allegations of mortgage fraud.

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