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    Gold is 'on the radar screen' and the Fed is split 'down the middle,' former Fed president says teaser image
    Gold

    Gold is 'on the radar screen' and the Fed is split 'down the middle,' former Fed president says

    (Kitco News) - Jim Bullard says a hold next month could still be hawkish, foreign central banks found physical gold more desirable than Bitcoin this year, and gold’s run-up may signal eroding faith in the Fed, something he says is "on the radar screen."

    Stablecoins not a credible means of payment at scale, BIS chief says

    JACKSON HOLE, Wyoming, Aug 28 (Reuters) - Stablecoins do not credibly function as a means of payment at scale and tokenized deposits offer a more compelling case to harness the benefits ​of this new technology, said the chief of the Bank for International Settlements, ‌a central bank umbrella group.

    Oil slides on clues about Fed policy, rumors of Hormuz deal

    HOUSTON, Aug 28 (Reuters) - Oil prices fell on Friday, on track for a weekly ​drop as traders evaluated hints about the U.S. Federal Reserve Bank's inflation-fighting policy and rumors of a possible agreement on shipping through the ‌Strait of Hormuz.

    Equities rise with 2-year yields, dollar as rate hike bets rise following Warsh speech

    NEW YORK/LONDON Aug 28 (Reuters) - MSCI's global equities gauge ​rose and short-dated U.S. Treasury yields climbed with the dollar on Friday as traders added to bets for an interest ‌rate hike after a speech by Federal Reserve Chair Kevin Warsh.
    Gold drops over 1% as Fed's Warsh comments lift rate hike bets teaser image

    Gold drops over 1% as Fed's Warsh comments lift rate hike bets

    Aug 28 (Reuters) - Gold prices reversed course and fell ‌over 1% on Friday, as traders increased bets on an interest rate hike after Federal Reserve Chairman Kevin Warsh's remarks on curbing inflationary pressure.