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PremiumInformation summary: Global investors have experienced the longest night this year. There are reports that Trump has drafted a letter to fire Federal Reserve Chairman Powell. The incident triggered a strong reaction in the financial market. An hour later, Trump came out to clarify that "there is no plan to take any action" and denied drafting a letter to fire...
The news that Trump intends to fire Powell caused a decline in US stocks and bonds, and gold prices soared in response. But then Trump denied the news, and the market subsequently fell back to stabilize. On Wednesday, the Asian market began to fluctuate and rise in the early trading. It rose to a high of 3343 in the European market and then fell to 3319 in the US...
The CPI data released is in line with expectations, the tariff storm is still continuing, inflation rebounds and the Fed's expectations of interest rate cuts have cooled. Gold rebounded to 3366 and then fell, and is currently fluctuating around 3330. From the current trend, gold fell strongly and broke through the Bollinger middle rail and the moving average...