U.S. prosecutors have launched a criminal investigation into Federal Reserve Chair Jerome Powell over disclosures tied to a headquarters renovation, escalating political pressure on the central bank amid rate policy tensions.
The Federal Reserve injected at least $17 billion into a major U.S. bank after heavy losses linked to a failed silver trade, reviving fears of systemic stress as precious metal prices soar.
European markets slipped on Thursday as the Swiss National Bank kept rates at 0% and investors digested the Federal Reserve’s latest quarter-point cut alongside signals that further easing may prove difficult.
The Federal Reserve is expected to issue a third straight rate cut while warning that further easing may be limited, as officials remain split over slowing job growth and stubborn inflation.
Indonesia’s central bank plans to launch a stablecoin-style companion to the digital rupiah, backed by government bonds, integrating blockchain into its monetary system.
The Federal Reserve lowered its benchmark interest rate by 25 basis points to a range of 3.75%-4.00%, marking the second consecutive cut this year as economic uncertainty deepens amid a prolonged government shutdown.
HSBC has joined a growing number of major banks forecasting gold at $5,000 per ounce by 2026, as geopolitical tensions, central bank demand, and policy uncertainty fuel one of the strongest bull markets in decades.
Gold’s global market capitalization has surpassed $30 trillion for the first time ever, fueled by record prices above $4,280 per ounce and sustained safe-haven demand amid global uncertainty.
Gold prices hit a new all-time high above $4,200 per ounce as investors reacted to deepening U.S.-China trade tensions and rising bets on further Federal Reserve rate cuts.
Gold hit a record $4,179 per ounce on Tuesday as investors piled into safe-haven assets amid escalating US-China trade tensions and expectations for deeper Federal Reserve rate cuts.
The Federal Reserve lowered its benchmark rate by 0.25% to 4.00%–4.25%, its first step in a projected series of cuts as job growth slows and inflation stays high.