Gold jumps above $5,500 as weak dollar is 'supercharging' rally

Gold (GC=F) futures jumped above $5,500 per ounce on Wednesday as the Federal Reserve held interest rates steady, while a weaker dollar fueled the debasement trade, pushing investors toward hard assets. The greenback (DX-Y.NYB) stabilized on Wednesday after sliding to its lowest level since early 2022, as President Trump shrugged off concerns about a weakening currency. "No, I think it’s great,” Trump said in Iowa on Tuesday when asked if he's worried about a declining dollar. Gold prices have rallied ...