PUADALBI

GOLD REBOUNDS FROM OVER ONE-MONTH LOW BUT INFLATION FEARS CAP GAINS
Gold prices rose on Tuesday, rebounding from a more than one-month low hit in the previous session, though gains were limited by elevated oil prices that kept inflation fears alive and clouded the U.S. interest rate outlook.
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🟥 U.S. Attorney for the District of Columbia Jeanine Pirro on Sunday appeared to abandon a plan to appeal an adverse ruling in her attempts to criminally investigate Federal Reserve Chair Jerome Powell.
Pirro has long said she planned to ask a higher court to review recent rulings by Chief Judge James Boasberg of the District of Columbia quashing her subpoenas to the Fed. She has argued that the judge’s decision makes it difficult for her to conduct grand jury investigations in general. Her appeal was due by Monday.
Pirro appeared to change tack in an appearance on CNN’s “State of the Union.”

🟥 TRUMP ON TRUTH SOCIAL | I made the U.S.A. 45 Billion Dollars in 8 months!#WCTCTradingKingPK

NO FED CUTS UNTIL 2027?
Barclays now sees the Fed on hold through 2026, with just one cut in March 2027 as inflation stays above 3% and oil prices remain elevated.
Markets are aligning: Kalshi odds of a cut before 2027 have fallen to ~45%.
Resilient growth + sticky inflation = higher-for-longer rates.#WCTCTradingKingPK

TREASURY YIELDS EDGE HIGHER AS TRADERS MONITOR FACTORY DATA AND MIDDLE EAST DEVELOPMENTS
🔺U.S. Treasury yields rose on Monday as traders awaited more data on U.S. factory activity and events in the Middle East continued to loom over borrowing costs.
🔺The 10-year Treasury yield — the benchmark for U.S. government borrowing — was more than 1 basis point higher in early trade, at 4.3979% by 5:10 a.m. E.T.
yields on the 2-year Treasury note, which are typically more sensitive to short-term Federal Reserve rate decisions, rose more than 2 basis points, reaching 3.9107%.
🔺Yields on the 30-year no