Trump Nominates Kevin Warsh as Federal Reserve Chair
Donald Trump has selected former Fed governor Kevin Warsh as his nominee to replace Jerome Powell as Federal Reserve chair, marking a significant shift in US central bank leadership.
Donald Trump has selected former Fed governor Kevin Warsh as his nominee to replace Jerome Powell as Federal Reserve chair, marking a significant shift in US central bank leadership.
Gold prices fell over 4% on Friday amid rumours of a hawkish Fed chair pick, yet the precious metal is set for its strongest monthly gain since 1982, with a 20% surge in January.
Markets saw a significant decline in shares and precious metals on Friday, with gold dropping 2.8% and silver falling 4.1%, as investors reacted to volatility and corporate earnings.
Former JPMorgan managing director Marko Kolanovic warns silver could plummet 50% from recent highs, citing unsustainable commodity bubbles. The metal hit $120 before volatile swings.
Asian stock markets declined on Friday following a volatile session on Wall Street, where Microsoft suffered its worst drop since 2020. Oil prices fell over $1, while gold and silver weakened amid investor caution.
Donald Trump has confirmed he will announce the new chairman of the Federal Reserve on Friday, concluding a five-month public dispute with current chair Jerome Powell.
The extraordinary rise in gold and silver investments reflects a re-pricing of trust in currencies and institutions, driven by geopolitical tensions and aggressive policies.
The FTSE 100 closed slightly higher while the FTSE 250 fell, as markets reacted to the US Federal Reserve holding rates and Donald Trump's sharp criticism of Chair Jerome Powell.
Gold prices have smashed through the $5,500 per ounce barrier for the first time ever, driven by a tumbling US dollar, geopolitical tensions, and mounting fears of monetary debasement and a global debt crisis.
Gold prices have surged past $5,500 per ounce, driven by a weak dollar and geopolitical fears, marking a 30% gain this year as investors seek safe havens.
Asian shares mostly fell as markets adopted a cautious stance after the Federal Reserve kept interest rates unchanged, while gold surged over 4% and oil prices rose.
Meta's fourth-quarter results exceeded Wall Street predictions with a 24% revenue surge, though expenses climbed sharply, prompting a mixed market response.
The FTSE 100 index dropped 0.5% on Wednesday, while oil prices surged due to geopolitical tensions from Trump's warning to Iran. Meanwhile, the S&P 500 briefly surpassed 7,000 for the first time ahead of key tech earnings and the US interest rate decision
The US dollar has fallen to its lowest level since February 2022, dropping 1.3% after President Trump called its decline 'great'. The slide has boosted gold, the Swiss franc, and the euro.
Asian shares showed mixed performance following a record S&P 500 close and further US dollar weakness. Investors await the Federal Reserve's interest rate announcement amid currency volatility and precious metal surges.
Federal Reserve officials are likely to maintain interest rates this week, resisting White House pressure for cuts as signs of economic stability emerge, with inflation remaining above target and internal divisions on future policy.
The Australian dollar has surged to a 16-month peak against the US dollar, reaching 70.1 US cents. Analysts cite strong domestic data, commodity prices, and US dollar weakness as key drivers, with potential for further appreciation.
London's FTSE 100 index closed higher by 58.95 points to 10,207.80, with mixed performances across sectors. Investors focused on upcoming US Federal Reserve rate decisions and major tech earnings.
The Australian dollar has outperformed all major currencies in 2026, reaching multi-year highs against the US dollar, yen, and euro, benefiting overseas travellers and shoppers.
The price of gold has surged past $5,000 per ounce, reigniting speculation about economic turmoil. Experts warn a $27,000 target would require severe global crises.
Asian stock markets mostly advanced, tracking gains on Wall Street, while gold prices edged lower from a record peak. Key events include the Federal Reserve's interest rate decision and major tech earnings reports.
Investor Michael Burry, famous for predicting the 2008 crash, has been buying Gamestop stock, causing shares to surge 8%. He cites value investing and Ryan Cohen's leadership.
The FTSE 100 closed modestly higher, driven by strong performances from mining giants Fresnillo, Antofagasta, and Endeavour as gold and silver prices hit record highs amid global economic uncertainty.
Gold prices have soared to a record high above $5,000 per ounce due to geopolitical tensions. Experts discuss whether investors should consider gold for their pension pots and explain the different investment options available.
Gold prices have surged to over $5,095 an ounce, marking an 83% annual increase, driven by geopolitical uncertainty and a weakening US dollar. Experts analyse whether it's time to buy, sell, or hold.
Gold has smashed through the $5,000 barrier, rising over 80% in a year amid geopolitical uncertainty. Experts weigh in on whether to buy, sell, or hold.
Gold prices have surged to unprecedented levels, breaking through $5,100 per ounce for the first time. Driven by geopolitical tensions and robust central bank buying, analysts predict further gains toward $6,000 this year.
Sir Martin Sorrell's S4 Capital sees shares rebound dramatically after revealing full-year revenue declines were less severe than feared, with net revenues expected above £664 million forecasts.
The price of gold has surged past $5,000 per ounce for the first time ever, continuing a remarkable rally driven by geopolitical tensions and a weakening US dollar.
Gold prices have soared past $5,000 an ounce for the first time, with silver also reaching new highs, as investors seek safe havens amid US tariff threats and government shutdown risks.