Institution: Gold prices hit record highs again as traders weigh the outlook for the Federal Reserve and tariffs

ChainCatcher news, according to Jinshi Data, traders are weighing the future path of the Federal Reserve and the uncertainty surrounding U.S. President Trump's tariffs as the U.S. is set to release key employment data later this week, keeping gold prices slightly below record highs. During the Asian trading session, gold prices approached $3460 per ounce, up 2.3% last week.

An emergency hearing regarding Trump's dismissal of Federal Reserve Governor Lisa Cook concluded last Friday without a decision, and a ruling on whether she can continue in her position is not expected until at least Tuesday. This decision is likely to determine the future of the Federal Reserve, with concerns that a decrease in its independence could undermine investor confidence in the U.S.—a situation that may boost demand for safe-haven assets like gold.

Additionally, a U.S. federal appeals court ruled that the global tariffs imposed by the U.S. president under an emergency statute are illegal, upholding a decision made by the International Trade Court in May. However, the judge allowed the tariffs to remain in effect during the case's proceedings, indicating that even if a ban is issued in the future, its scope may be narrowed.