Trump Fed Nominees Oppose Extending Powell's Temporary Chairmanship
Nominees appointed by former President Trump have expressed opposition to the terms of keeping Jerome Powell as the Federal Reserve's temporary chair, signaling potential challenges in Fed leadership continuity. This disagreement could influence the Federal Reserve's policy direction going forward.
Trump and Boeing Announce China to Purchase 200 Planes
Former President Trump and Boeing have announced that China will purchase 200 planes, marking a significant deal in the aviation sector. This agreement is expected to impact trade relations between the U.S. and China. The announcement highlights ongoing economic interactions between the two countries.
Gold (XAU/USD) Price Forecast: Bearish Breakdown Targets Major Support
Gold triggered a bearish breakdown below key short-term support, increasing the likelihood of a deeper correction toward a major long-term confluence support zone.
United States CFTC Gold NC Net Positions climbed from previous $163.3K to $171.6K
United States CFTC Gold NC Net Positions climbed from previous $163.3K to $171.6K
Gold Analysis: XAU/USD falls as bond yields gain strength
The trading week has not been entirely favorable for gold in the short term, as the metal closed the final session of the week with a decline of more than 2.5%. The price is now moving closer to the reference area of $4,500 per ounce, once again highlighting a relevant selling bias in the short term.
Gold sinks 2% as Iran war fuels fresh inflation shock
Gold sinks 2% as Iran war fuels fresh inflation shock
Gold (XAUUSD), Silver, Platinum Forecasts – Silver Dives 7.5% Amid Sell-Off In Precious Metals Markets
Gold and platinum have also found themselves under strong pressure in today's trading session.
Five Counterparties Utilize $647 Million in Fed Reverse Repo Operation
Five counterparties participated in the Federal Reserve's reverse repurchase agreement operation, taking up $647 million, a decrease from the previous $2.034 billion with eight bids. This reduction indicates a lower demand for short-term liquidity from the Fed in this operation.
Silver (XAG) Forecast: Silver Market Crushed by Yields Spike and Dollar Surge
Silver prices crashed over 8% as Treasury yields surged and a stronger U.S. dollar crushed demand for non-yielding metals.
U.S. Dollar Tests New Highs Amid Sell-Off In Bond Markets: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY
Rising demand for safe-haven assets provided support to the American currency.