Gold holds within weekly range as US-Iran talks remain in focus

Gold holds within weekly range as US-Iran talks remain in focus

Gold (XAU/USD) consolidates on Friday, remaining confined within this week’s trading range as investors cautiously monitor ongoing diplomatic efforts between the United States and Iran to reach a deal to end the war in the Middle East. At the time of writing, XAU/USD is trading around $4,520, staying on course for a second consecutive weekly […]

President Trump says he wants Warsh to be independent

President Trump says he wants Warsh to be independent

Speaking ahead of the swearing-in of new Federal Reserve (Fed) Chair Kevin Warsh, President Trump stated that he wants Warsh to be “independent”, stating that the Fed will “make their own decisions”. Donald Trump also stated that he wants to stop inflation, and reminded listeners that economic growth and inflation are two different concepts. Key […]

Dow Jones shrugs off a hawkish new Fed chair to set a record

Dow Jones shrugs off a hawkish new Fed chair to set a record

There is confident, and then there is Friday. The Dow Jones Industrial Average (DJIA) ground out a fresh all-time high, up around a quarter of a percent, on a day that gave it nothing to celebrate. A famously hawkish new chief took the gavel at the Federal Reserve (Fed), consumer sentiment fell off a cliff, […]