Dow Jones History: Top Highs and Lows Since 1929
The precious metal had risen above $3,400 at the start of last week amid geopolitical uncertainty. Markets view that as a signal that early US rate cuts have become more likely, given Trump has criticized the Fed chair for not lowering borrowing costs. Rate cut bets have also intensified as the labor market shows continued signs of weakness. President Trump appeared to get closer to naming his replacement for Federal Reserve Chair Jerome Powell. Trump's frustration with Powell's "wait and see" approach to interest rates has led him to consider...