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PU Prime Launches Gold Trading by the Gram (GAUUSD)
Global multi-asset broker PU Prime has announced the launch of a new gold trading product, GAUUSD (Gold Gram vs US Dollar). Designed to reflect trading preferences in markets such as the Middle East and Turkey, where gold is often valued by the gram, GAUUSD also adds greater diversity to PU Prime’s product offering. As a complement to XAUUSD (Gold Ounce vs US Dollar), GAUUSD is quoted in grams, allowing investors to trade directly without additional conversions. The minimum trading volume is 0.01 lots, representing a contract size of 100 grams of gold, giving investors a more flexible way to access the gold market. ... (full story)
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President Donald Trump posted on Saturday a cartoon image depicting him firing Federal Reserve Chairman Jerome Powell. The post on Truth Social was an image of himself pointing his finger and shouting "YOU'RE FIRED!" to Powell, who was holding a box with his belongings. Behind them is a depiction of the seal of the Federal Reserve. The image appears to be "AI-generated or digitally illustrated," according to visual analysis by ChatGPT. Trump has repeatedly criticized Powell for his cautious approach to cutting interest rates, nicknaming him "Too Late Powell." The latest threat came even as the central bank lowered rates earlier this month for the first time this year. Powell's term as chair ends in May 2026. The White House didn't immediately respond to CNBC's request for comment. Firing the top central banker would be unprecedented as no U.S. president ever has attempted to do so, though others have criticized prior Fed chairs. A recent Supreme Court decision indicated that the president does not have the authority to remove Fed officials at will. Powell has said repeatedly that his firing is "not permitted under the law." The Trump White House has blasted Powell over renovations to the Fed's Washington headquarters, raising suspicion that Trump could try to remove the Fed leader for cause. Although lately Trump has eased his criticisms of the Fed building, while continuing to be vocal about Powell hurting the economy by keeping rates too high in his view. Donald J. Trump Truth Social Post 02:46 PM EST 09/27/25 pic.twitter.com/9cdO9rkCVh
From dailyforex.com | Sep 29, 2025
Gold has been fairly noisy during the trading session here in the early hours of Friday, but it does look like we are trying to stabilize. Perhaps trying to turn things around and race back towards the highs. After all, we've had a couple of days’ worth of sideways action at the moment, and that might be what the doctor ordered after the shot higher.Perhaps ...
From brecorder.com | Sep 29, 2025
Gold prices rose to an all-time high on Monday, supported by a weaker dollar and growing expectations that the Federal Reserve is likely to continue with interest rate cuts later this year. Spot gold was up 0.8% at $3,789.39 per ounce as of 0251 GMT, after hitting a record high of $3,798.32 earlier in the session. U.S. gold futures for December delivery ...
