Amid a new showdown between Trump and Powell, selling America for gold seems tempting. Corporate earnings expected to plummet due to Fed independence disputes. Safe-haven assets like gold become more appealing as nervous investors seek refuge. Most investors hesitant to make the switch yet, citing positives in the US economy.

Powell faces subpoenas from the Justice Department, sparking concerns of criminal indictment. Allegations center around Powell’s testimony before Congress regarding renovations at the Fed’s headquarters. Powell labels the investigation as “unprecedented,” raising questions about political motivations. Investors witness a rare public clash between the Fed and the president.

Following news of subpoenas, S&P 500 and Dow Jones hit record highs as investors shrug off concerns. US dollar sees minimal movement amidst the turmoil. Stock futures remain steady on Tuesday, indicating market confidence in a resolution. Analysts predict the situation will likely resolve without major impact on markets.

Read more at Yahoo Finance: Is it time for investors to sell America?