Technology earnings, historic moves in precious metals, and Kevin Warsh to be the next Fed chair?

US equities were mixed yesterday, with investors rotating out of technology as Microsoft dropped sharply while Meta jumped. In Europe, SAP’s steep fall weighed on the DAX, while the Swiss market outperformed. Precious metals are experiencing extreme volatility after record highs, energy prices are rising amid escalating Middle East tensions, while markets also price in the growing likelihood that Kevin Warsh will become the next chairman of the US Federal Reserve. Tim Gagie, Head of FX Advisory Geneva, explains what to watch in an environment of historic precious‑metal volatility and dollar weakness.

• (00:00) - Introduction: Helen Freer, Product & Investment Content
• (00:24) - Markets wrap-up: Mike Rauber, Product & Investment Content
• (06:41) - FX & metals update: Tim Gagie, Head of FX/PM PB Geneva
• (10:56) - Closing remarks: Helen Freer, Product & Investment Content

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