MarketWatch/Rachel Koning Beals/05-10-17
Gold futures gained Wednesday, pulling the metal up from its lowest close since mid-March, as more upheaval in Washington turned investors briefly away from riskier assets in favor of haven plays.
The initial reaction to President Trump’s move late Tuesday to remove FBI Director James Comey “put a bid on safe-haven plays,” including gold and the Japanese yen, said Richard Perry, a Hantec Markets analysts, in a note. “Equities have retreated slightly.”
Trump dismissed Comey over what the White House said was his handling of the investigation into Hillary Clinton’s emails; Trump critics were quick to point out the firing takes place as an investigation into Russian meddling in the election continues.
