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Updated 12:56 23/06/17

Gold closes at two week high as Trump turmoil accelerates

18 May 2017 By Duncan Richardson

The gold price rose sharply on Wednesday buoyed by political turmoil in Washington. The yellow metal hit a two-week high of $1,262.66 per ounce following the announcement former FBI director, Robert Nueller, will lead an investigation into Russia’s involvement in the 2016 U.S. election.

Calls for an investigation have been mounting since Trump sacked former FBI direct, James Comey, last week. The announcement took the White House by surprise, with Donald Trump only being informed of the investigation after Deputy Attorney General, Robert Mueller, had approved the investigation.

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