Gold Falls as Trump Hesitates on Hassett as Fed Chair Pick

Gold slipped the most in more than two weeks after US President Donald Trump expressed reluctance about nominating Kevin Hassett as Federal Reserve chair, casting further doubt over his search for the next head of the central bank.

Trump on Friday said if Hassett were to leave his post as director of the National Economic Council, it would deprive the administration of one of its most powerful messengers on the economy. Hassett has been seen as a top dovish contender to succeed Fed Chair Jerome Powell.