An anticipated deal to stop the war with Iran and open the Strait of Hormuz hangs in the balance as Israel and Tehran-backed Hezbollah in Lebanon traded strikes Sunday. The Israel Defense Forces on Sunday said in a social media post that they had struck a “Hezbollah command center” in Beirut after Hezbollah launched aerial attacks “against Israeli civilians ...

This morning’s attack on Beirut should not have happened, particularly on a special day when we are so close to a Peace Deal with Iran. Israel has the right to defend itself against threats, but the attack it was responding to was very small and meaningless, nobody was hurt, injured, or killed, and should not disrupt this important process. We are very close to a Deal that will bring peace to the region, including to Lebanon, and all sides should stand down. There should be no more attacks by Israel anywhere in Lebanon, but there should also be no more attacks by any other party, including Hezbollah, against Israel. This could be the beginning of a long and beautiful peace — Let’s not blow it! Thank you for your attention to this matter. President DONALD J. TRUMP

US Federal Reserve chief Kevin Warsh will chair his first meeting of the central bank's rate-setting committee next week caught between a rock and a hard place. Inflation is at a three-year high but Warsh still faces unrelenting pressure from the White House to lower interest rates. The bank's 12-member Federal Open Market Committee (FOMC) will begin a ...

Gold has been under pressure since the United States and Israel attacked Iran in late February, launching a months-long war. Prices have fallen from a high of $5,303 per troy ounce (31.1g) on January 28 to $4,235 on Friday. That is because soaring inflation has raised concerns that central banks will not slash interest rates. They may even hike them to rein ...

Gold prices remain under pressure after a steep correction from January's record highs, with rising bond yields and expectations of higher interest rates reducing the appeal of non-yielding assets. The Gold Price (XAU/USD) traded near $4,216 on Thursday, down over 7% so far this month and well below May's high above $4,770. Westpac says the recent weakness ...

Since Feb. 27, the day before the Iran war started, gold prices have tumbled about 18%. That's difficult to square with the widespread belief that gold is a hedge against geopolitical risk. Gold investors shouldn't be surprised. None of the factors that that are widely assumed to be correlated with gold rests on a strong statistical foundation. Gold instead ...

The Federal Reserve's June policy meeting will mark a closely watched milestone for financial markets as newly installed Chair Kevin Warsh presides over his first Federal Open Market Committee (FOMC) gathering. The two-day meeting, scheduled for June 16-17, comes at a time when expectations for lower borrowing costs have largely evaporated amid persistent ...

President Donald Trump on Saturday said in a Truth Social post that a deal to end the war with Iran will be signed on Sunday, with the Strait of Hormuz opening up immediately after. “The Deal is scheduled to get signed tomorrow, and immediately after it is signed, the Hormuz Strait is OPEN TO ALL,” the president wrote. Trump suggested that the U.S. will ...

Gold (XAU/USD) has maintained its upward trend, but these gains are not that big, and it could also be short-lived because a possible truce deal between the US and Iran is improving market sentiment, which has a negative impact on safe-haven assets like gold. On the other side, many traders expect that the US Federal Reserve will keep interest rates high, ...

Barack Hussein Obama’s Deal with Iran, the JCPOA, was an easy, beautiful, smooth road to a Nuclear Weapon, which Iran would have had six years ago, and would have used long before now. My Agreement with Iran is the exact opposite, A WALL TO NO NUCLEAR WEAPON! In fact, they no longer want a Nuclear Weapon, nor will they have one, either through purchase, development, or any other form of procurement. The Deal is scheduled to get signed tomorrow, and immediately after it is signed, the Hormuz Strait is OPEN TO ALL. Our relationship with Iran is a much different and better one than previous Administrations have had. Unlike Obama’s Hundreds of Billions of Dollars in payments to them, including 1.7 Billion Dollars in green, cold cash, no money will exchange hands. At the appropriate time, when all is calm, we will go in and get the Nuclear Dust, buried deep under the powerful sunken granite mountains, thanks to our beautiful B-2 Bombers and their brilliant pilots, and downblend and destroy it, whether in Iran, or the United States. We look forward to working with Iran, and the entire Middle East, long into the future. Hopefully, this process will all work out quickly, easily, and smoothly. If it doesn’t, we have the ultimate alternative, hopefully never to be used again! Thank you for your attention to this matter!!! President DONALD J. TRUMP

It’s officially “Chairman” Kevin Warsh, not “chair.” The Federal Reserve website now lists Warsh as “chairman,” not “chair,” reversing the past 12 years when his predecessors Janet Yellen and Jerome Powell both chose to be called “chair.” Before Yellen, the term “chairman” was used exclusively. No law or regulation governs what a chair is called, leaving it ...

President Donald Trump on Friday said U.S. forces carried out a ⁠strike that killed Hector Rusthenford Guerrero Flores, also known as Niño Guerrero, the leader of Venezuelan prison ​gang Tren de Aragua. “At ​my direction, the ​United States Southern Command delivered a swift and lethal kinetic strike to successfully execute Nino Guerrero the infamous leader ...