Dollar lower and Gold smashed with other markets quiet. No economic data worth mentioning. US CPI today will be the driver this week after Friday's Average Hourly Earnings and Michigan survey.
Testifying in the Senate, Powell read out the usual speech in front of a very hostile audience.
Skip Warren ranting as usual. Powell gave her swift short shrift.
Donald Trump warns ‘all’ Israeli hostages must be released by Saturday [FT]
London's Gold Shortage: A Symptom Of Global Economic Anxiety [Zerohedge]
Rupee rallies most in nearly 2 years on heavy central bank intervention [Reuters]
Trump Directs Federal Job Cuts as Musk Defends Downsizing [Bloomberg]
Gold price was relentlessly increasing yesterday, looking like going parabolic until as big seller stepped in, and the buyers backed off.
Bullion banks? Bank of England? Who knows but it certainly stopped the market in it's tracks.
Gold / USD 15 mins
For all the USD bears including Scott Bessent, here is the DXY since 1986.
DXY Monthly
Amongst stable indexes, Tesla looks really weak. Lots of chatter that Elon's focus is elsewhere.
Tesla Daily
More consolidation. Still waiting for the the good news!
Bitcoin / USD