Financial News Hub
Critical updates. Market reactions. No noise - just what investors need to know.
Jerome Powell Steps Down as Fed Chair: An Eight-Year Legacy Shaped by Crisis, Inflation, and Political Pressure
Jerome Powell concludes his term as Chair of the Federal Reserve on May 15, 2026, marking the end of one of the most turbulent periods in the history of the U.S. central bank.
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Gold Falling 1.5% To $4,579.19/, Its Lowest Level Since May 6
Spot gold extended its decline for a fourth consecutive session, falling 1.5% to $4,579.19 per ounce as of 06:31 GMT, its lowest level since May 6. For the week, gold was down nearly 3%.
Silver Drops 4.6% as Yields Rise, While Gold Holds Above $4,650/oz
At the time of writing, spot gold was trading near $4,650.30 per ounce, down 0.80%, while spot silver fell sharply by 4.58% to around $83.36 per ounce.
Dollar Heads for Biggest Weekly Gain in Over Two Months as Fed Rate Hike Bets Increase
The U.S. dollar continued to strengthen on Friday and was on track for its biggest weekly gain in more than two months
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U.S. Dollar Rises on Rate Expectations and Safe-Haven Flows
Market attention was also focused on the meeting between U.S. President Donald Trump and Chinese President Xi Jinping in Beijing, where both sides were expected to discuss trade, economic issues, and sensitive geopolitical matters.
U.S. Producer Prices Post Biggest Increase in Four Years as Inflation Pressure Builds
According to data from the U.S. Department of Labor, the Producer Price Index for final demand increased 1.4% in April, marking its largest monthly gain since March 2022.
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U.S. Inflation Surges in April as Iran War Drives Oil Shock and Consumer Costs Higher
According to the U.S. Bureau of Labor Statistics, the Consumer Price Index rose 3.8% year over year in April, up from 3.3% in March. The latest data shows a clearer picture of how geopolitical tensions in the Middle East are feeding into everyday costs for American households.