Gold Prices Steady Ahead of U.S. Inflation Data and Fed Decision 
Asian Stocks Fall as Oil Tops $100, Yields Rise 
German Inflation Accelerates to 2.9% in August 
Asian Stocks Mixed as AI Chip Rally Meets Oil Surge 
Oil Prices Climb as Iran Threatens Gulf Energy Infrastructure 
Canada Retaliatory Tariffs on U.S. Goods Take Effect 
Gold Prices Rise as Yen Rally Weakens Dollar 
Japanese Yen Nears Seven-Month High as Oil Approaches $100 
U.S. Stock Futures Steady as Oil Tops $100 Ahead of Inflation Data 
Iraq Seeks 6 Million Bpd OPEC+ Oil Quota 
US Bans Canadian Alcohol, Motorcycles as Trade War Escalates 
Brent Oil Tops $100 as Middle East Conflict Threatens Supply 
Gold Prices Rebound as Dollar Weakens, Fed Decision Looms 
Iran Threatens Gulf Energy Assets as U.S. Tensions Escalate 
China Boosts Gold Reserves by 650,000 Ounces as Prices Rally 
US Stock Futures Mixed as Fed Rate Hike Bets Rise 
China Inflation Accelerates in August as CPI, PPI Rise 
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Scott Bessent and John Paulson Emerge as Treasury Secretary Candidates
Key Investors in the Running
Prominent investors Scott Bessent and John Paulson are strong contenders for the role of U.S. Treasury Secretary in Donald Trump’s potential second term, according to sources close to the former president. Bessent met with Trump on Friday at Mar-a-Lago, Florida, and received positive feedback, signaling his favorable standing. Although a final decision rests with Trump, Bessent and Paulson are seen as top choices.
Influence of Treasury Secretary on Policy
The U.S. Treasury Secretary plays a pivotal role in economic, regulatory, and international finance matters. Wall Street has been attentive to Trump’s selection, given his agenda to reshape global trade policies with tariffs and tax reform. Trump has previously expressed interest in Paulson for this role due to his alignment with Trump’s economic vision.
Candidates’ Background and Qualifications
Bessent, a hedge fund veteran and former Yale professor, has established a warm relationship with Trump, notably supporting his approach to tariffs. Paulson, a billionaire investor and Trump donor, is known for his advocacy of tax cuts and deregulation. Other speculated candidates include FOX Business personality Larry Kudlow and former U.S. trade representative Robert Lighthizer. However, JPMorgan CEO Jamie Dimon reportedly has no plans to join Trump’s administration.
Upcoming Appointments and Odds
Trump recently appointed Susie Wiles as White House Chief of Staff and is expected to announce additional appointments soon. According to Polymarket betting odds, Bessent is the favorite for Treasury Secretary, with Paulson close behind.
