Summary of Important News from Yesterday Morning

(2026-01-31)
1. Trump announced the nomination of Kevin Waugh as Federal Reserve Chair, stating that it is inappropriate to demand Waugh to cut interest rates, and that rate cuts do not require White House pressure.
2. White House Economic Advisor Hassett: The White House is confident that Waugh's nomination will be confirmed quickly.
3. Currency markets are betting that the Federal Reserve will cut interest rates by more than twice this year, with each cut of 25 basis points.
4. Japan's domestic platinum futures briefly triggered the circuit breaker during trading.
5. French Prime Minister used constitutional tools to pass the 2026 budget.
6. The US Senate passed a spending bill to fund most federal government departments.
7. The London Metal Exchange delayed opening due to technical reasons, then resumed trading. The exchange stated this was a preventive measure.
8. Trump sued the US Internal Revenue Service and the Treasury Department, claiming $10 billion in damages over tax form leaks.
9. Indonesia Stock Exchange CEO resigned amid market plunge. Indonesian financial regulators announced that a director will be appointed as interim CEO next Monday.
10. Zelensky: No formal ceasefire agreement has been reached between Russia and Ukraine regarding energy targets.
11. Thailand Futures Exchange (TFEX) temporarily suspended online gold futures trading.
12. Japanese Ministry of Finance data confirmed that Japan did not intervene in the yen in January.
13. Iran's Foreign Minister: So far, we have no plans to meet with US officials.
14. Kremlin: Trump personally requested Putin to suspend strikes on Kyiv before February to create favorable conditions for negotiations.
15. US Democratic Senator Warren: No Republican should support Waugh's nomination until Trump halts the Federal Reserve investigation.
16. Federal Reserve officials - ① Bostic: The Fed does not need to cut rates now; we should be more patient on interest rates. ② Waller: The current interest rate range is 3.50%-3.75%, and the neutral rate may be around 3%. ③ Moussallem: Further rate cuts are not advisable; current policy is neutral, and the economy does not need stimulation.
17. Overnight Market - Waugh's nomination caused a collapse in gold and silver, with spot gold plunging by 12% to the $4,680 level, with a single-day volatility of nearly $770, erasing all weekly gains with a weekly decline of 2.2%. Spot silver also dropped 35% to the $73 level, with a weekly decline of over 17%. Spot platinum and palladium each fell over 17% in a single day. International oil prices initially declined along with the overall market, but due to Iran tensions, oil prices ultimately closed higher during the day.
#贵金属行情下跌 #XAU