- Gold prices hit a new intraday record after the U.S. imposed tariffs on one-kilo gold bar imports.
- President Trump taps Stephen Miran for a temporary seat on the Federal Reserve Board.
- Dow futures edge up as markets absorb earnings from Block, Motorola, and Live Nation.
U.S. stock futures rose modestly Friday following a week of geopolitical developments, earnings surprises, and new trade measures. Investors appear to be weighing the broader impact of tariff news and leadership changes at the Federal Reserve as earnings season nears its peak.
Gold futures surged to a fresh intraday record after the Financial Times reported that the United States had imposed new levies on one-kilo gold bar imports. The move is expected to tighten supply channels and may intensify safe-haven demand amid rising geopolitical concerns. Spot gold briefly topped its previous all-time high before settling slightly lower in early premarket trading.
On the political front, President Donald Trump announced late Thursday his intention to appoint economist Stephen Miran to the Federal Reserve’s Board of Governors. Miran, a former Treasury adviser, will temporarily fill the seat left vacant by outgoing board member Adriana Kugler, whose departure is effective Friday. Market participants are watching closely, as Miran is known for advocating tighter monetary policy during his prior government service.
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Market resilience holds as earnings and economic shifts drive momentum
Meanwhile, corporate earnings continued to dominate after-hours headlines. Block Inc., the fintech firm behind Square and Cash App, reported better-than-expected user growth and payment volume, although profitability guidance was more conservative. Motorola posted solid results, driven by higher enterprise demand, while Live Nation delivered another strong quarter as live events maintain post-pandemic momentum.
Equity markets have shown resilience this week despite pressure from macro headwinds. The S&P 500 and Nasdaq both posted slight gains on Thursday, while the Dow Jones Industrial Average hovered near break-even. Futures point to a cautiously optimistic open, with analysts noting that today’s market tone may hinge on investor response to Friday’s economic data releases and any further updates on global trade policy.
With gold rallying, central bank shifts underway, and earnings season in full swing, investors face a volatile but opportunity-filled close to the trading week.