Quote of the Day: “Money on Wall Street is too easy, and credit on Main Street is too tight.” —Kevin Warsh. Inflation has been a talking point in the US in the recent years, especially after Donald Trump took office as President. Since taking over as the President of the United States, Trump has sparred…
US President Donald Trump on Wednesday (March 4) formally submitted to the Senate the nomination of former Federal Reserve governor Kevin Warsh to serve as the next chair of the US central bank to succeed Jerome Powell. According to the White House noticeWarsh would serve a four-year term beginning February 1. The nomination now moves…
US President Donald Trump, on Wednesday (local time), officially nominated Kevin Warsh to be the next chairman of the Federal Reserve, CNBC reported. If confirmed by the Senate, Warsh will replace current Fed chair Jerome Powell for a four-year term. In a statement posted online, the White House said that Trump’s nomination was transmitted to…
About the author: Mike Harris is the founder of Cribstone Strategic Macro and director of the Syracuse University Whitman School of Management London Program. Markets are hugely enthusiastic about what coming AI-driven growth and President Donald Trump’s pick for the next Federal Reserve chair, Kevin Warsh, might mean for the economy. But their read on…
Gold prices recouped part of their recent losses during Friday’s session, as the sharp correction appeared to have triggered value buying, while softness in the US dollar also aided sentiment. On the economic front, weaker US labor market data reinforced expectations of a US Federal Reserve rate cut in June, supporting safe-haven demand. On the…
After a two-day relief rally, both silver and gold prices came under renewed selling pressure during Thursday’s session on 9 February, wiping out the recent recovery. Prices were pressured by a firm US dollar, a lack of fresh triggers, and easing geopolitical tensions, which kept safe-haven metals out of investors’ radar. Following a flat close…
Gold and silver traded higher on Wednesday, 4 February, following strong gains in the previous session, as the recent dip in safe-haven assets encouraged investors to accumulate both metals, reviving their upward momentum. After a 6% rally, the biggest daily gain since 2008, April futures contracts on Comex jumped another $179, or 3.62%, to the…
Precious metals—gold and silver—have returned to their bull run in Tuesday’s session after remaining under pressure for two straight sessions, which marked the worst period for both metals in over a decade. After Friday’s plunge, its worst day in 46 years, and another 1.9% retreat on Monday that left gold down 13% over two sessions,…
Silver rate today: Silver ETFs extended losses for the third straight session as the historic slide in precious metals intensified across domestic and global markets. The sharp correction in bullion prices has spilled over into exchange-traded funds, eroding gains that had built up over an extraordinary rally in the past year. Among the hardest hit…
Precious metals—gold and silver—are witnessing wild swings during Monday’s intraday session, with gold prices recovering all of their intraday losses and turning positive, while silver also erased most of its early-day losses, though it still trades with losses. The February gold futures contract on MCX opened the session lower at ₹₹1,46,500 per 10 grams, with…
