Gold enters correction territory as global investors stop worrying as much about China tensions, Fed independence, AI bubble

Gold enters correction territory as global investors stop worrying as much about China tensions, Fed independence, AI bubble

Gold has fallen into correction territory now that investor fears around China tensions, Federal Reserve independence and an artificial intelligence bubble have been soothed. After topping $4,300 just last week, both spot gold and gold futures have made short work of dipping below $4,000. The yellow metal is still up more than 40% in 2025….

Read More
Trump budget chief Vought ramps up criticism of Powell, vows investigation into Fed renovations

Trump budget chief Vought ramps up criticism of Powell, vows investigation into Fed renovations

Office of Management and Budget Director Russell Vought vowed Friday to press an investigation into renovations at the Federal Reserve building, which he called a “palace” where costs are running amok. In a potential escalation of President Donald Trump’s feud with Fed Chair Jerome Powell, Vought told CNBC that an investigation is warranted into whether…

Read More