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Gold & Silver Market News — Oct 1, 2026, 00:10–04:10 UTC
Oct 1, 12:10 AM - 04:10 AM UTC
Federal Reserve Policy and Leadership Scrutiny
A Federal Reserve official reiterated the central bank's focus on lowering inflation pressures. Separately, the Fed's leadership faced political commentary after former President Trump called for the resignation of Chairman Jerome Powell following an inspector general's report.
Market Sentiment and Banking Sector News
Financial markets are transitioning into the fourth quarter following a volatile September, setting a cautious tone for investors. Within the banking industry, Bank of America agreed to pay $39 million to settle claims related to interest rates paid on customer cash deposits.
Sources
1Fed’s Kashkari says central bank must lower inflation pressures2Bank of America to pay $39 million to settle customer claims over low interest rates on cash3Trading Day: Shrugging off a volatile September, markets shuffle into Q44Trump calls for Powell’s resignation after IG report on cost overruns