Gold Drops as Dollar Rallies and Oil Nears $120 Amid Escalating Middle East War
Gold declined as a stronger dollar and rising oil prices increased concerns that inflation may remain elevated, reducing expectations for near-term rate cuts.
Gold declined as a stronger dollar and rising oil prices increased concerns that inflation may remain elevated, reducing expectations for near-term rate cuts.
Donald Trump said his nominee for Federal Reserve chair, Kevin Warsh, could drive U.S. economic growth to as high as 15%, setting unusually high expectations.
Read MoreYoutuber MrBeastโs Beast Industries is acquiring teen-focused fintech app Step, marking a major push into financial services aimed at Generation Z.
Read MoreEconomist Lyn Alden says the Fed may shift toward a slower, steady balance-sheet expansion tied to nominal GDP growth, signaling moderate money printing.
Read MoreExperience the โTakaichi Effectโ: Japanโs $135B stimulus sparks a global rally, sending the Nikkei, Bitcoin, and Gold to record highs as risk appetite surges.
Read MoreThe Dow Jones Industrial Average surged past 50,000 for the first time after a 1,200-point rally, as investors rotated into industrial and financial stocks.
Read MoreSpaceX has acquired xAI, bringing Elon Muskโs AI ambitions into the aerospace giant as the company moves to develop space-based AI infrastructure beyond Earthโs limits.
Read MoreThe U.S. entered a partial government shutdown after Congress missed a funding deadline on Friday night, though lawmakers say a deal is close.
Read MoreSpaceX is exploring merger options with xAI โ and potentially Tesla โ as Musk moves to consolidate AI, space, and autonomous tech ahead of a potential IPO.
Read MoreCathie Wood of ARK Invest warned that gold may be entering late-cycle territory as its market value relative to U.S. money supply reaches historic highs.
Read More