(USAGOLD – August 20, 2018) – Gold gained some momentum today following Friday’s strong close while the dollar weakened a bit. The metal is up $17 over the past two trading sessions at $1190. Silver is down 4¢ at $14.77. Gold was moving sideways until Bloomberg broke the story posted below that the president nominated Jerome Powell for the Fed job thinking he would be a “cheap money” Fed chairman. Mr. Trump went on to say that he was “not thrilled” with recent rate hikes. A stronger yuan based on upcoming trade talks between the US and China also helped boost gold.