Original title: Gold and Silver Jump as September Rate-Cut Momentum Builds
Gold held just below a record as traders weighed the future of the Federal Reserve and uncertainty around US President Donald Trump’s tariffs ahead of key US jobs data due later this week. Bullion was near $3,445 an ounce in early Asian trading after gaining 2.3% last week. An emergency hearing on Trump’s move to fire Fed Governor Lisa Cook concluded without a decision on Friday, and a ruling on whether she can continue her duties is not expected to arrive before at least Tuesday.