Investors dismiss Trump moves against Powell
|Not even a fresh broadside from the US administration against the Fed can stop this market rally, says Chris Beauchamp, Chief Market Analyst at investing and trading platform IG.
Stocks shrug off Trump-Powell brouhaha
US futures looked decidedly shaky overnight but the ‘Great Trump v Powell Panic of 2026’ has been brushed aside. Thin overnight markets meant that the reaction was overdone, with investors betting that the investigation will make little headway. In any case, Powell leaves in May and it is likely that the investigation becomes strangely unnecessary after that. It is notable that the VIX has been hit hard for the second time in a week; markets are focusing more on earnings season than on some further drama in Washington’
Gold and silver at new record
Trump’s move against Powell pulled the rug from underneath the dollar, and has lit a fire underneath gold and silver. The year is barely two weeks old, but it seems to be giving investors plenty of reasons to put money in precious metals, providing a safe haven from the multiple crises around the globe as well as giving them tremendous upside momentum, a winning combination in markets.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.