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Forex Market

Political Tensions Drive Gold to a Five-Week High Above $3400

Gold prices have surged, reaching a five-week high above $3,400, as market attention shifts from robust economic data to rising political uncertainty surrounding the Federal Reserve. Despite strong indicators of a resilient U.S. economy, safe-haven demand for the precious metal is dominating market sentiment. The rally is being fueled by …

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Fed’s Lisa Cook Takes Trump, Powell to Court on Firing Decision

A recent lawsuit filed in federal court is challenging President Donald Trump’s decision to fire Federal Reserve Governor Lisa Cook. The lawsuit names both the president and Fed Chair Jerome Powell as defendants.Cook’s lawsuit argues that the president’s action was “unprecedented and illegal” and that there was no “cause” for …

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Dollar Teeters on Uncertainty: Fed Jitters and Trade Stalemate Shake Markets

The US Dollar experienced a rollercoaster session on Wednesday, swinging between gains and losses before ultimately surrendering its early advances. This indecisive trading behavior stemmed from persistent worries over the Federal Reserve’s independence and a lack of significant progress in ongoing trade negotiations, leaving investors on edge as the day …

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Gold Dips from Two-Week High as Dollar Gains Ground Amid Fed Drama

Gold prices edged lower on Wednesday, retreating from a recent two-week peak of $3,394 under pressure from a resurgent US dollar. Despite ongoing political turbulence surrounding efforts to remove a Federal Reserve governor, the precious metal remains supported by broader uncertainties in monetary policy.During the American trading session, gold was …

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European Stocks Rebound as Investors Buy the Dip Ahead of Nvidia Earnings

Europe

European Stocks Rebound as Investors Buy the Dip Ahead of Nvidia Earnings Pan-European RecoveryEuropean equities edged higher on Wednesday, rebounding from their largest drop in nearly a month. The STOXX 600 index rose 0.4% by 07:07 GMT, with Germany, Italy, and Spain adding between 0.1% and 0.3%. French Political Risks …

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