IndustryMIDDLE EAST TENSIONS EASE, GOLD FUTURES RISE

On May 6, analysts said gold futures rose as tensions in the Middle East subsided. Vivek Dhar of Commonwealth Bank of Australia noted in a research report that Trump's announcement of temporarily suspending the plan to ensure ship safety in the Strait of Hormuz reduced tensions. Since gold prices hit an intraday high of $5,422 per ounce on March 2, gold futures have generally had an inverse correlation with the level of Middle East tensions. Dhar added that the upward momentum in gold prices could be driven by several factors: hopes for a ceasefire in the Middle East, market expectations of interest rate cuts as high energy prices slow global growth, and concerns over the Federal Reserve's independence.#thebcr #bcrTrading #bcrGlobal

FX8835853972

2026-05-06 17:07

IndustryMIDDLE EAST TENSIONS EASE, GOLD FUTURES RISE

On May 6, analysts said gold futures rose as tensions in the Middle East subsided. Vivek Dhar of Commonwealth Bank of Australia noted in a research report that Trump's announcement of temporarily suspending the plan to ensure ship safety in the Strait of Hormuz reduced tensions. Since gold prices hit an intraday high of $5,422 per ounce on March 2, gold futures have generally had an inverse correlation with the level of Middle East tensions. Dhar added that the upward momentum in gold prices could be driven by several factors: hopes for a ceasefire in the Middle East, market expectations of interest rate cuts as high energy prices slow global growth, and concerns over the Federal Reserve's independence.#BCR #BCRGlobal #BCRTrading

Richie Vo

2026-05-06 16:24

IndustryPowell under fierce attack

Jerome Powell's decision to remain on the Federal Reserve Board of Governors after his term as Chairman ends is sparking a major controversy in the United States. Senator Scott calls it a "serious mistake" that breaks a 75‑year precedent and could lead to policy clashes with the Trump administration.This move also prevents Trump from quickly gaining a majority on the Fed, escalating power tensions as the White House pushes for lower interest rates. Although a previous legal investigation was dismissed, Powell has chosen to stay until all issues are clarified. Observers warn that this confrontation could undermine the Fed's independence and make US monetary policy more unpredictable in the coming period.#BCR #BCRGlobal #BCRTrading

Richie Vo

2026-05-06 16:23

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