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Gold Gains With Lower US Dollar After Report of Jobs Report Halt
Gold gained as the dollar pushed lower after Fox Business reported that US President Donald Trump’s pick to lead the Bureau of Labor Statistics suggested suspending the monthly jobs report prior to his nomination. A gauge of the greenback slipped, sending bullion as much as 0.5% higher. A lower US currency is positive for gold as it is priced in the dollar. Copper futures on New York’s Comex also moved higher on the decline of the dollar, which fell as much as 0.6%. Traders were also weighing the Federal Reserve’s interest-rate path after a modest rise in the costs of goods tempered concerns about tariff-driven ... (full story)
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Jerome “Too Late” Powell must NOW lower the rate. Steve “Manouychin” really gave me a “beauty”when he pushed this loser. The damage he has done by always being Too Late is incalculable. Fortunately, the economy is sooo good that we’ve blown through Powell and the complacent Board. I am, though, considering allowing a major lawsuit against Powell to proceed because of the horrible, and grossly incompetent, job he has done in managing the construction of the Fed Buildings. Three Billion Dollars for a job that should have been a $50 Million Dollar fix up. Not good! *TRUMP: CONSIDERING ALLOWING A MAJOR LAWSUIT AGAINST POWELL *TRUMP: CONSIDERING POWELL LAWSUIT OVER FED BUILDING MANAGEMENT
*EJ ANTONI SUGGESTS SUSPENDING MONTHLY JOBS REPORT: FOX BUSINESS 
Trump’s pick to lead labor stats agency could pause monthly jobs report over accuracy concerns E.J. Antoni, the economist tapped by President Donald Trump to lead the Bureau of Labor Statistics, suggested suspending the agency’s closely watched monthly jobs report, arguing that its underlying methodology, economic modeling and statistical assumptions are fundamentally flawed. In an interview with FOX Business ahead of Monday’s nomination announcement, Antoni criticized the data behind the monthly jobs report as unreliable and frequently overstated, warning that it misleads key economic decision-makers from Washington to Wall Street. "How on earth are businesses supposed to plan – or how is the Fed supposed to conduct monetary policy – when they don’t know how many jobs are being added or lost in our economy? It’s a serious problem that needs to be fixed immediately," Antoni told FOX Business.
Trump’s pick to lead labor stats agency could pause monthly jobs report over accuracy concerns E.J. Antoni, the economist tapped by President Donald Trump to lead the Bureau of Labor Statistics, suggested suspending the agency’s closely watched monthly jobs report, arguing that its underlying methodology, economic modeling and statistical assumptions are fundamentally flawed. In an interview with FOX Business ahead of Monday’s nomination announcement, Antoni criticized the data behind the monthly jobs report as unreliable and frequently overstated, warning that it misleads key economic decision-makers from Washington to Wall Street. "How on earth are businesses supposed to plan – or how is the Fed supposed to conduct monetary policy – when they don’t know how many jobs are being added or lost in our economy? It’s a serious problem that needs to be fixed immediately," Antoni told FOX Business.
From monetamarkets.com | Aug 13, 2025
Global markets traded cautiously on Wednesday as traders assessed fresh US inflation data and shifting central bank expectations. Gold extended its advance toward $3,350 on rising Federal Reserve rate cut bets, while silver tested key trend-line resistance near $38.20. The US Dollar strengthened against the Canadian Dollar after CPI figures, the New Zealand ...
