Meanwhile, the Trump administration has also been interviewing candidates for an even more powerful role: Fed chair. The current chair, Jerome Powell, has long drawn Trump’s ire for his refusal to ...

December U.S. gold futures settled 1.1% higher at $3,491.30 per ounce after hitting a record $3,534.10 when the Financial Times first reported the news. Spot gold eased 0.08% to $3,394.24 an ounce.