India, Aug. 26 -- Gold touched a two-week high on Tuesday as the dollar weakened on Fed independence worries and ahead of a looming key U.S. inflation report.
Spot gold edged up by 0.3 percent to $3,374.83 per ounce in European trade, while U.S. gold futures were up 0.1 percent at $3,421.72.
The dollar slipped after U.S. President Donald Trump dismissed Federal Reserve Governor Lisa Cook over alleged mortgage borrowing impropriety, the latest in a series of attacks on the central bank's independence.
Trump said there was enough evidence that Cook had made false statements on mortgage applications.
Trade tensions also kept investors on edge, with Trump threatening 200 percent tariffs on China if Beijing does not export rare-earth magnets...