Core Viewpoint - The recent dismissal of Federal Reserve official Lisa Cook by Trump has heightened concerns over the independence of the Federal Reserve, leading to increased demand for gold as a safe-haven asset [1][2][3] Group 1: Market Reactions - Trump's unexpected action has intensified fears regarding the Federal Reserve's independence and has raised expectations for potential interest rate cuts, pushing investors towards gold [1] - Following the dismissal, the gold price rebounded to a two-week high, supported by a decline in the dollar index [2] - The market now anticipates a greater than 87% probability of a 25 basis point rate cut by the Federal Reserve in September [1] Group 2: Economic Indicators - The upcoming U.S. core PCE inflation data is being closely monitored as it may provide insights into the Federal Reserve's policy direction [1][2] - Powell's dovish remarks at the global central bank meeting suggest a shift to a straightforward 2% inflation target, which may further support the case for a rate cut [2] Group 3: Long-term Outlook - The trend of central banks purchasing gold, combined with global monetary expansion and de-dollarization, is expected to support a long-term upward trend in gold prices [2] - Zang Enterprises highlights that physical precious metals may become the only safe haven amid potential financial crises triggered by inflationary policies and vulnerabilities in the U.S. debt market [3] Group 4: Technical Analysis - The next resistance level for gold is identified at $3,409, with subsequent levels at $3,439 and $3,451, while the first support level is at $3,268 [3]

Core Viewpoint - The Iranian President Masoud Pezeshkian dismissed the Vice President responsible for parliamentary affairs due to an expensive trip to Antarctica amidst a severe economic crisis and hyperinflation in Iran [1]. Group 1 - The Vice President, Shahram Dabiri, was photographed near the "Plancius" cruise ship, which offers luxury Antarctic expeditions priced at €3,885 per person for an 8-day trip [1]. - The Iranian President stated that such expensive leisure trips by officials are unjustifiable given the economic pressures faced by the public, even if paid out of their own pockets [1]. - Following the release of the photograph, the government faced strong criticism, and several supporters of Pezeshkian urged for Dabiri's dismissal [3].