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Gold is attempting a tepid bounce from six-day lows near $4,000 in Wednesday’s Asian trades, awaiting the US Federal Reserve (Fed) monetary policy outcome to determine the next major move.Gold jittery amid fresh Iran risks, ahead of FedGold is consolidating two back-to-back days of losses, with traders repositioning ahead of the Fed event risks.In doing so, Gold is trying to build on the intraday bounce, as the US Dollar (USD) holds overnight losses, following soft US Goods Trade Balance data for June and a profit-taking pullback from three-month highs.However, resumption of hostilities in the Middle East fuels a sharp 4% rebound…

Markets Yesterday, markets still lived on hope that the pause in military confrontation between the US and Iran was an indication of negotiations behind the scenes. However, there was little concrete news from the parties potentially involved in any negotiating process. Markets had to operate in some kind of no man’s land. Energy prices eased slightly further (Brent close $84 p/barrel, TTF gas €57.7 p/Mwh). The same goes for interest rates. U.S. yields fell between 3.5 bps (2-y & 5-y) and 4.8 bpn (30-y). European yields eased by a similar amount, but here the short-end outperformed (2-y Germany -4.5 bps,…

Forward look: FirstSun is predicting a sharp decline in net charge-offs during the second half of 2026 after experiencing a second-quarter surge. Expert quote: “The reality is we have no loans anywhere close to our legal lending limit, and we take concentration seriously.” — FirstSun CEO Neal ArnoldSupporting data: The company shrank its balance sheet 5% in the second quarter as part of a plan to divest high-cost deposits and risky loans acquired from First Foundation Inc.Though Denver-based FirstSun Capital Bancorp reported a $22.9 million second-quarter loss driven by two previously disclosed loan charge-offs, investors appeared to find a silver lining,…

Christopher Peterson, a former Democratic gubernatorial candidate in Utah and former advisor at the Consumer Financial Protection Bureau, has been tapped to lead New Jersey’s Division of Consumer Affairs. Processing ContentWhat’s at stake: The appointment is part of a growing trend of consumer experts moving into state roles as federal consumer oversight stalls. Key insight: Peterson helped advise on policy at the Consumer Financial Protection Bureau and was instrumental in expanding Military Lending Act protections for servicemembers and their families. Expert quote: “New Jersey consumers deserve transparent, fair prices—not hidden fees or subscription traps that can inflate the cost of…

Financial infidelity — hiding financial information from a partner — is a topic wealth advisors often have to address with clients. Advisors weighing in said secret cash transactions, private accounts and not disclosing investments are behaviors they often see, and that conversations with clients participating in the behavior must be approached neutrally and with care. Processing ContentFinancial infidelity isn’t born out of a numbers issue, but rather trust and relationship issues, according to experts. A recent Fidelity survey found only 29% of its respondents reported actually talking about daily finances with their partners.  Financial infidelity can come in many forms. Guli…

Key insight: Visa’s earnings slightly beat analyst expectations as the card network announced layoffs. What’s at stake: The credit card company said AI has enabled it to develop products and technology faster, and to restructure how it builds new products. Expert quote: “AI is also helping to accelerate this evolution and shape the way work gets done at Visa,”— CEO Ryan McInerneyShortly after American Express said AI-related job reductions would come largely through attrition, Visa made a more direct tie between artificial intelligence and downsizing its workforce. Processing ContentVisa will lay off 7% of its workforce, cutting about 2,600 jobs,…

He’s not quite at the level of obscurity of former Federal Reserve Chairman Alan Greenspan, but new Fed chief Kevin Warsh has settled on a few phrases that are notable for their repetition and lack of clarity.In five public appearances, starting with his nomination hearing in April, through his first press conference, roundtable in Portugal and two congressional testimonies, Warsh has used the phrase “family fight” 13 times, returning to “first principles” 11 times and “inflation is a choice” for the Fed six times.But what those phrases mean for monetary policy is more challenging than counting their usage. Yet, with…

US President Donald Trump speaks at Wheeler High School, in Marietta, Georgia, on July 22, 2026. Saul Loeb | AFP | Getty ImagesU.S. trading partners from Canberra to Brasília have rejected the forced labor rationale behind President Donald Trump’s new global tariffs, while most signaled they would keep negotiating rather than retaliate. The Office of the U.S. Trade Representative on Thursday took action under Section 301 of the Trade Act of 1974, imposing tariffs on 60 economies for what Washington called their failure to impose and enforce bans on goods made with forced labor. The duties — 10% for partners…

Commercial buildings illuminated at dusk in Singapore, on Monday, Feb. 2, 2026. Photographer: SeongJoon Cho/Bloomberg via Getty ImagesBloomberg | Bloomberg | Getty ImagesSingapore on Monday unexpectedly tightened its monetary policy for a second consecutive time, moving preemptively against a renewed oil price surge even as inflation at home stays subdued.The Monetary Authority of Singapore said it will increase the rate of appreciation of the Singapore dollar’s nominal effective exchange rate policy band “very slightly,” with the adjustment smaller than April’s. The width of the band and the level at which it is centered were left unchanged. Economists polled by Reuters…

The broader cryptocurrency market maintains risk-off sentiment ahead of the US Federal Reserve (Fed) interest rate decision on Wednesday. Bitcoin (BTC) holds above $63,000 on Wednesday, while Bittensor (TAO) and Cardano (ADA) sustain gains from the previous day. US Fed rate decision raises concerns in the crypto marketCoinMarketCap’s Fear and Greed Index is at 35, stabilizing after reversing from the neutral zone boundary at 40 on Sunday. This suggests market sentiment is slipping toward a risk-off stance. Santiment data reaffirms fears linked to the US Fed rate decision on Wednesday at 2:00 PM Eastern Time, with social volume of a rate…