Trump intervenes in the Fed to accelerate the rise of gold prices, initiating a crisis betting layout for the gold bulls.

President Donald Trump's attacks on the Federal Reserve may not only exacerbate inflation and suppress investment, but also weaken people's confidence in the US economy. For gold bulls, however, this is an attractive prospect, cementing gold's record-breaking rally and making it one of the hottest assets this year. This week, gold prices hit a new high of over $3,500 per ounce, as the market bets that the Federal Reserve will soon start cutting interest rates, further strengthening gold's bull market over the past three years, with central banks making large purchases and escalating global economic concerns being the main drivers of the bull market. "Policy volatility exceeded expectations, especially from the White House," said Johan Jooste, CEO of Pangaea Wealth AG. "These policies appear to either intentionally or unintentionally suppress the dollar, which is positive for gold."