central banking

Kevin Warsh will be sworn in as Federal Reserve chair on Friday, replacing the current leadership at the central bank. This leadership change could signal shifts in monetary policy that affect tech valuations, mining capital costs, and critical minerals financing given the Fed's influence on interest rates and credit markets.

France repatriated its remaining gold reserves from the US, generating a $15 billion gain while maintaining total reserves at 2,437 tonnes. This move reflects growing central bank preference for domestic gold storage and signals potential shifts in international monetary relationships.