Macro News - The Trump administration is considering Scott Pruitt as a potential successor to Jerome Powell as the next Federal Reserve Chairman, with Powell's term ending in May 2026 [3] - Fitch Ratings warns that rising trade tariffs and policy uncertainty will weaken global growth prospects and increase risks of tightening financing conditions [3] - The escalation of the global trade war and uncertainty regarding tariffs pose significant negative shocks to the global economy, affecting trade volumes, supply chains, investments, and international relations [3] Gold Futures Analysis - Gold futures prices are currently up, with the latest price at 777.88 yuan per gram, reflecting a 0.60% increase [4] - The highest price reached today is 779.76 yuan per gram, while the lowest is 774.02 yuan per gram [4] - Resistance levels for gold are identified between 800-810 yuan per gram, with support levels between 740-750 yuan per gram [4]

Core Viewpoint - There is increasing support from advisors within and outside the Trump administration for Treasury Secretary Scott Basset to succeed Jerome Powell as the next Federal Reserve Chair [1] Group 1 - President Trump indicated that he would "soon" appoint Powell's successor, whose term ends in May 2026 [1] - A small list of candidates under consideration includes former Fed official Kevin Warsh, who was interviewed for the Treasury Secretary position last November [1] - Basset is seen as a contender for the position, advocating for comprehensive reforms in trade, tax, and regulation to boost the U.S. economy [1]

Group 1 - The article discusses President Trump's expectation for the announcement of the next Federal Reserve Chairman, indicating he has a clear idea of the candidate [1][2] - Trump has called for a "full point" interest rate cut from the Federal Reserve, criticizing current Chairman Jerome Powell for being too slow in lowering borrowing costs [2] - Kevin Walsh, a former Fed governor, is highlighted as a strong candidate for the next Fed Chairman, with Trump expressing high regard for him [2][3] Group 2 - Kevin Walsh has a notable background, having worked on Wall Street and in the Bush administration, and he became the youngest Fed governor in history at age 35 [3] - After leaving the Fed, Walsh has been involved in academia and conservative think tanks, maintaining connections with influential figures in the Republican economic circle [3] - Walsh has suggested that the Fed's growing balance sheet could conflict with its short-term interest rate policies, proposing that reducing the balance sheet could allow for lower policy rates [4]