Gold Hits New Record High As China Moves To De-Westernize Global Bullion Market

ZELENSKIY: WILL BRIEF TRUMP ON THE BATTLEFIELD, WE HAVE GOOD NEWS WE'LL TALK SECURITY GUARANTEES NEED MORE PRESSURE, SANCTIONS WANT TO DISCUSS HOW TO KEEP EUROPEANS FROM BUYING RUSSIAN OIL AND GAS

POWELL: IT LOOKS LIKE MIDDLE GROUP ABSORBING TARIFFS, NOT PASSING MUCH ON TO CONSUMERS Fed's Powell: The pass-through to consumers has been later and less than we expected.

POWELL: BEIGE BOOK SHOWED MODEST GROWTH, ECONOMY GROWING BUT NOT FAST *POWELL: CAN'T REALLY SAY LABOR MARKET IS SOLID ANYMORE Fed's Powell: Towards next meeting will look at labor market, growth data, inflation data to ask if policy in right place. If policy is not in right place, we'll move it there. Fed's Powell: Banks are well-capitalized and households are in good shape. Powell States That Companies Are Holding Back On Hiring To Observe The Impact Of Policies

Good afternoon. It’s a great pleasure to be here in Saskatoon, and I want to thank the Saskatchewan Trade and Export Partnership and the Greater Saskatoon Chamber of Commerce for the invitation. Canada is a trading nation. We rely on exports for around a third of our income, and we use that income to buy the things we need from abroad. The share of exports in Saskatchewan’s gross domestic product (GDP) is even higher, roughly 45%—that’s the highest in the country. Saskatchewan provides commodities to the world—wheat, canola, potash, oil and gas, uranium and more. And it imports a range of goods, particularly motor vehicles and machinery and equipment, mostly from the United States. Unfortunately, trade is under attack. Globally, trade friction has been increasing for the past dozen years, and now the United States has swerved sharply to protectionism. The large increase in US tariffs is weakening global demand, disrupting supply chains, raising prices and putting the Canadian and global economies on permanently lower paths. These shifts in trade also have implications for international capital flows. Together with unsustainable US fiscal deficits, persistent trade imbalances have the potential to increase financial stability risks globally. Saskatchewan, like most of Canada, is caught in the crossfire. BoC's Gov. Macklem: Canadian leaders need to chart a more independent course, given the new relationship with the United States, and need to find new markets. BoC's Gov. Macklem: I suspect the US dollar will remain global reserve currency for the foreseeable future. BoC's Gov. Macklem: Trump's liberation day tariffs called into question the US dollar's safe-haven role.

Good discussion with @POTUS on the margins of UNGA. I thanked him for his commitment to alleviate the plight of Ukraine’s missing children. Europe and the United States will work hand in hand to bring them back. We discussed Russia’s war of aggression against Ukraine. We… pic.twitter.com/D9bVYQfNBT EU’s Von Der Leyen Says Meeting With Trump Focused On Russia’s War In Ukraine, Agreed On Urgent Need To Cut Russia’s Fossil Fuel Revenues