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Fed Chair Warsh Shakes Markets: Credibility Crisis Sparks USD Weakness, Gold Rally

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The Story

News Summary

  • New Fed Chair Kevin Warsh cut back forward guidance despite high inflation, unsettling Wall Street.
  • Rates held steady, raising credibility questions and pushing long-term bond yields higher, creating market uncertainty.
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XAUUSD price history

4408.90 -4.49% over the displayed period

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