Gold price heads for weekly loss as DXY surges above 100.00

Gold price heads for weekly loss as DXY surges above 100.00

Gold price loses some 0.70% on Friday. It seems poised to end the week with losses of more than 2% as the Greenback remains the choice for safety amid the Middle East conflict, which has increased investors’ angst over a reacceleration of inflation. Also, a softer-than-expected reading of US growth data increased the chances of […]

US Judge dismisses subpoenas against Fed Chair Powell in DOJ probe – WSJ

US Judge dismisses subpoenas against Fed Chair Powell in DOJ probe – WSJ

An article of the Wall Street Journal mentioned that a Federal Judge threw out a pair of subpoenas that the Justice Department issued to the Federal Reserve Chair Jerome Powell. The US District Judge James Boasberg, in a decision unsealed Friday, ruled the subpoenas were improper, a blow to the US Attorney Jeanine Pirro’s criminal investigation […]

South Korea, Japan mull Trump’s calls to secure Strait of Hormuz

South Korea, Japan mull Trump’s calls to secure Strait of Hormuz

South Korea’s presidential office said in a statement on Sunday, “we will communicate closely with the US regarding this matter and make a decision after careful review.” Takayuki Kobayashi, policy chief of Prime Minister Sanae Takaichi’s ruling Liberal Democratic Party (LDP), told public broadcaster NHK, “I regard the threshold as extremely high for sending Japanese navy ships […]