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Gold is so yesterday.... that, um, it spills into tomorrow?

Central banks added 288.9 tonnes of gold in Q2. Highest since Q4 2024.

FWIW:

*TRUMP EXPECTED TO ATTEND EVENT WITH MINING CEOS FRIDAY: REUTERS

Here is a way to reduce the number of press conferences: reduce the number of FOMC meetings.
Bloomberg writes Warsh is considering just that:
blinks.bloomberg.com/news/stories/T…

"In seven years in the House, I didn’t have a single meaningful opportunity to influence major legislation. In the Senate, and as a freshman, I found myself in the thick of every major piece of legislation." Senator Curtis on the value of the Filibuster
wsj.com/opinion/i-wont…

Kevin Warsh is super nice. That's a problem. It will change.

Warsh tried to do too much for too many yesterday. In the process, he gave naysayers an opening, created some confusion. Expect him to learn. Fast. 1/

Warsh today said it takes some time to get inflation down, and that higher market rates suggest he's on the right track. Well, the market said Warsh is bluffing.
IMHO the market did not read this right. Warsh's mistake is that he's over-explaining because everyone has urged him

Warsh set the standard for talking: when you have something to say. So he spoke at the presser. It comes with answering questions, and as good as Warsh is with Fedspeak (talking without saying much), he was tripped by the question on whether the Fed would hike if there was a 100%