Senate Banking Committee Republican Leader Tim Scott stated that the chief prosecutor investigating Federal Reserve Chairman Powell has been replaced. The investigation involves the renovation project of the Federal Reserve headquarters building and Powell's testimony, against the backdrop of interest rate policy conflicts between the Federal Reserve and President Trump. Meanwhile, Wash's Federal Reserve Chair nomination has been stalled due to the ongoing investigation.

American billionaire Tim Draper posted on X, emphasizing that his goal is to promote entrepreneurship and venture capital worldwide. He early invested in over 60 unicorns including Tesla and SpaceX, and in the future, he will focus on space, transportation technology, AI efficiency, and the development of the Bitcoin ecosystem.

Odaily Planet Daily reports that KCM Trade Chief Market Analyst Tim Waterer stated that when the market opens on Monday, demand for gold may be higher than usual. Considering the potential duration of the conflict, which other countries might be involved, and inflation concerns, it is expected that gold will once again serve as the preferred safe-haven asset. Stock markets and other risk assets may be sold off, and investors will be seeking the best places to store their funds, with gold likely ranking at the top of that list. (Jin10)