Connect with us
DAPA Banner

Business

Who Was Alex Pretti? 5 Key Facts About the ICU Nurse Killed by Federal Agents in Minneapolis

Published

on

Official portrait of Pretti in 2024 (as a registered nurse

MINNEAPOLIS — Alex Jeffrey Pretti, a 37-year-old intensive care nurse at the Minneapolis Veterans Affairs Health Care System, became a national figure after his fatal shooting by U.S. Customs and Border Protection officers on January 24, 2026, during an immigration enforcement operation in the city.

Official portrait of Pretti in 2024 (as a registered nurse
Official portrait of Pretti in 2024 (as a registered nurse for the United States Department of Veterans Affairs)

The incident, captured on bystander video and widely shared, sparked outrage, protests and a Department of Justice civil rights investigation. Pretti, a U.S. citizen with no criminal record, was recording federal agents when the confrontation escalated, leading to his death from multiple gunshot wounds. The event unfolded amid heightened federal immigration crackdowns under the Trump administration, which had deployed agents to Minneapolis and other cities.

Pretti’s death — ruled a homicide by the Hennepin County Medical Examiner — drew comparisons to other high-profile cases and prompted apologies from officials, including Sen. Markwayne Mullin, R-Okla., who regretted early comments labeling Pretti a “deranged individual.” As investigations continue, here are five essential facts about the man whose life and death have fueled national debate on federal tactics, policing and civil liberties.

1. Pretti was a dedicated ICU nurse caring for veterans

Pretti worked as a registered nurse in the intensive care unit at the Minneapolis VA hospital, where he was known for his compassion and commitment to patients. Licensed in Minnesota since 2021, he focused on critically ill veterans, often forming deep bonds with those he treated.

Advertisement

Colleagues described him as kind-hearted, humorous and passionate about his work. “He wanted to be helpful, to help humanity and have a career that was a force of good in the world,” one coworker told reporters. His family emphasized his devotion to service, noting he “cared deeply for the American veterans whom he cared for.” Pretti’s nursing license was active until March 31, 2026, and he had previously contributed to medical research at the University of Minnesota on topics including infection treatment and cancer therapies.

2. He grew up in Green Bay, Wisconsin, with a well-rounded youth

Born in 1988 in Park Ridge, Illinois, Pretti spent much of his childhood in Green Bay, Wisconsin, graduating from Preble High School in 2006. He was active in sports — playing football, baseball and running track — and participated in the Green Bay Boy Choir, Boy Scouts and theater programs, including musicals with the Preble Players.

Friends recalled him as quick to smile, someone who made others feel included. A childhood choir friend described hearing Pretti sing from his open bedroom window, highlighting his vocal talent. After high school, he attended the University of Minnesota, earning a bachelor’s degree in biology, society and the environment in 2011. He worked as a research scientist before pursuing nursing.

Advertisement

3. Pretti was an avid outdoorsman and animal lover

Outside work, Pretti enjoyed adventure and nature, often hiking, mountain biking and exploring with his Catahoula Leopard dog, Joule, who had recently passed away. Family members described him as someone who sought outdoor experiences to recharge.

His lifestyle reflected a grounded, community-oriented personality, with no prior law enforcement interactions beyond minor traffic tickets. He lived in Minneapolis’ Lyndale neighborhood, known for its diversity, and had begun documenting federal immigration activities in the area out of concern for community impact.

4. His death occurred during a protest against federal immigration enforcement

Advertisement

Pretti had recently started observing and recording federal agents amid operations that disrupted neighborhoods, closed schools and led to the January 7 death of Renee Good, another U.S. citizen killed by agents. On January 24, he was filming near 26th Street and Nicollet Avenue when agents attempted an arrest unrelated to him.

Bystander videos show Pretti directing traffic, helping a fallen bystander and being sprayed with a chemical agent before being tackled. Agents confiscated his legally permitted, secured handgun, and multiple shots were fired — up to 10 in seconds, per forensic analysis. DHS initially labeled him a threat, but videos contradicted early narratives, sparking backlash.

5. Pretti’s killing sparked investigations, protests and political fallout

The incident triggered a DOJ civil rights probe into the shooting, separate from the Good case. Protests erupted nationwide under “ICE Out of Everywhere” banners, with mourners gathering at the site. Pretti’s family urged truth-seeking, calling him “a good man” who cared about people.

Advertisement

Sen. Mullin apologized for premature remarks during a March 18 confirmation hearing, saying he “went out there too fast.” The case became a tipping point in debates over federal tactics in sanctuary cities, galvanizing opposition and prompting administration retreats in some enforcement areas.

Pretti’s legacy endures through tributes highlighting his service, kindness and final act of standing up for others. As inquiries proceed, his story continues shaping discussions on accountability, immigration policy and the human cost of enforcement.

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

Mr. Market Refused To Reward Jabil For Stellar Progress, But You Should (NYSE:JBL)

Published

on

Vertiv: Remains A Fantastic Pick And Shovel AI Play

This article was written by

Daniel is an avid and active professional investor.
He runs Crude Value Insights, a value-oriented newsletter aimed at analyzing the cash flows and assessing the value of companies in the oil and gas space. His primary focus is on finding businesses that are trading at a significant discount to their intrinsic value by employing a combination of Benjamin Graham’s investment philosophy and a contrarian approach to the market and the securities therein. Learn more.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Advertisement
Continue Reading

Business

Fed Chair Powell uncertain about Middle East war effects on US economy

Published

on

Fed Chair Powell uncertain about Middle East war effects on US economy

Federal Reserve Chairman Jerome Powell said Wednesday that it was “too soon” to assess the economic consequences of the ongoing war in Iran.

“The implications of events in the Middle East for the U.S. economy are uncertain. In the near term, higher energy prices will push up overall inflation, but it is too soon to know the scope and duration of the potential effects on the economy. We will continue to monitor the risks to both sides of our mandate,” Powell said.

Advertisement

He said the broader economic fallout remains uncertain, though rising energy costs are likely to lift inflation in the near term.

Fed chair Jerome Powell speaks during an FOMC meeting

Federal Reserve Chair Jerome Powell speaks after a meeting. (Tierney L. Cross/Bloomberg/Getty Images)

“The U.S. economy is doing pretty well. It’s just we don’t know what the effects of this will be. And really, no one does,” Powell said.

TRUMP DEMANDS POWELL CUT RATES AS IRAN CONFLICT DRIVES UP ENERGY PRICES

Powell’s comments came as tit-for-tat strikes in Iran and across the Middle East helped push crude above $100 a barrel for the first time since 2022, rattling global markets and renewing concerns about tighter energy supplies.

Advertisement

That pressure is beginning to reach consumers. As oil prices climb, gasoline and diesel prices are also rising — especially diesel, which often moves faster because of its close ties to freight and industrial demand.

GAS PRICES SURGE, PINCHING AMERICANS AND HANDING THE GOP A NEW MIDTERM HEADACHE

Fed policymakers voted to leave the benchmark federal funds rate unchanged at a range of 3.5% to 3.75%. The decision followed the central bank’s move in January to hold rates steady after three successive quarter-point cuts in September, October and December.

Economic data showing a slowdown in the labor market, inflation still running above the Fed’s 2% target and unrest involving Iran all helped keep policymakers on hold.

Advertisement
Jerome Powell speaks at an event in Washington, DC.

Fed policymakers voted to leave the benchmark federal funds rate unchanged at a range of 3.5% to 3.75% on Wednesday. (Amanda Andrade-Rhoades/Reuters)

CLICK HERE TO GET FOX BUSINESS ON THE GO

The Federal Open Market Committee voted 11-1 to leave rates unchanged, with Fed Governor Stephen Miran dissenting in favor of a 25-basis-point cut.

For President Donald Trump, the timing is politically difficult.

He campaigned on lowering costs for Americans, but the conflict involving Iran now threatens to do the opposite — driving up energy prices and putting fresh pressure on one of his core economic promises.

Advertisement
Continue Reading

Business

General Mills: Be Greedy When Others Are Fearful – Reiterate Buy

Published

on

General Mills: Be Greedy When Others Are Fearful - Reiterate Buy

General Mills: Be Greedy When Others Are Fearful – Reiterate Buy

Continue Reading

Business

Law Enforcement Continues to Process Forensic Evidence

Published

on

Savannah Guthrie & Nancy Guthrie

TUCSON, Ariz. — Nancy Guthrie, the 84-year-old mother of NBC News anchor Savannah Guthrie, remains missing more than six weeks after authorities say she was taken against her will from her home in the Catalina Foothills outside Tucson in the early morning hours of Feb. 1, 2026.

Pima County Sheriff Chris Nanos has described the case as an abduction, citing evidence that the longtime Tucson resident — who lived alone, relied on daily heart medications and had a pacemaker — did not leave voluntarily. Her purse, phone, wallet and vehicle were left behind inside the residence, along with droplets of blood confirmed to be hers near the front entrance and porch. No signs of a major struggle were reported.

Savannah Guthrie & Nancy Guthrie
Savannah Guthrie & Nancy Guthrie

Guthrie was last seen by family on the evening of Jan. 31. She took an Uber to daughter Annie Cioni’s nearby home around 5:32 p.m. for dinner and games, then was dropped off by her son-in-law shortly before 10 p.m. She entered through the garage, which closed behind her. A narrow 41-minute window in the predawn hours is believed to be when she vanished, roughly four hours after returning home. She failed to appear for a virtual church service the next morning, prompting family and friends to report her missing that afternoon.

Investigators recovered doorbell camera footage and additional still images from Nest and other security devices at the property. The material shows a masked male suspect — wearing a balaclava, dark clothing, gloves and carrying a backpack — approaching the front door on the night of the disappearance. In one sequence, the individual appears to tamper with the camera. Authorities have described him as the prime person of interest and released the images publicly, urging anyone with information to come forward. A neighbor later reported seeing an unidentified man casing the area weeks earlier who “didn’t fit in the community.”

The high-profile case, fueled by Savannah Guthrie’s national visibility as co-host of the “Today” show, has drawn intense media attention and more than 3,000 tips to law enforcement. The FBI joined the investigation early, establishing a dedicated task force and offering rewards that now total up to $1 million from the family — payable for information leading to Nancy Guthrie’s safe recovery or the arrest and conviction of those responsible — alongside federal contributions.

Advertisement

Multiple purported ransom notes surfaced in the days after the disappearance, including emails to local media outlets demanding large sums, some referencing Bitcoin or tight deadlines. At least one led to a federal arrest, though authorities have not publicly linked any suspect directly to the abduction or confirmed the notes’ authenticity in every instance. Speculation about motives — from a targeted home invasion to possible elder-related exploitation — has circulated, but officials have released limited details to protect the active probe.

Searches have been extensive. Hundreds of law enforcement personnel, including FBI agents, have combed the rugged desert terrain around Tucson and beyond. Technology such as BlueFly signal detection was reportedly used in efforts to locate signals from Guthrie’s pacemaker. Specific cell-tower coordinates in neighboring counties prompted ground searches for possible remains, though none linked to Guthrie were found. Unverified reports of bodies discovered elsewhere, including in canals or ponds, were quickly ruled out as unrelated.

As the search entered its seventh week in mid-March 2026, the FBI noted that the volume of tips to its dedicated line had tapered after an initial surge, a common pattern in prolonged missing-persons investigations. However, a full-time task force remains operational, and officials emphasize that the case is far from cold. Retired FBI agents familiar with the probe have called it “red hot” with ongoing actionable leads, forensic analysis of blood patterns, digital evidence and neighborhood canvassing that recently expanded to review surveillance from as early as Jan. 24 — about a week before the disappearance.

Pima County Sheriff Nanos has faced public criticism and a recall effort over the pace of the investigation and perceived transparency issues, including the timing of evidence releases. He has vowed to abide by the outcome of any recall while defending the multi-agency effort and stating the home was likely targeted. Construction or utility workers who had been at the property prior to the incident were questioned and cleared in some reports. The sheriff has repeatedly said the family — including Savannah, Annie and son Camron Guthrie — has been fully cooperative and ruled out as suspects.

Advertisement

Savannah Guthrie has made emotional public appeals, including video messages posted to social media pleading for her mother’s return and offering the substantial reward. In one, she said, “Someone knows how to find our mom and bring her home.” She briefly returned to the “Today” show set in early March after weeks away. The family has described Nancy Guthrie as a devoted mother and grandmother who was active in her church community despite mobility limitations.

Experts have noted the case’s rarity. Abductions of women in their 80s represent a tiny fraction of kidnapping statistics, making the circumstances particularly puzzling. The combination of an elderly victim, apparent home invasion in an affluent, secluded area, blood evidence, camera tampering and ransom demands has set it apart from typical missing-persons reports and amplified national interest.

Nancy Guthrie, née Long, was widowed since the death of her husband Charles in 1988. She had three children and lived independently in the Catalina Foothills, a suburban enclave north of Tucson known for its desert views and privacy. Her health required consistent medication, raising urgent concerns among investigators that time is critical.

As of March 18, 2026, her whereabouts and condition remain unknown. Law enforcement continues to process forensic evidence, analyze newly recovered camera images from the neighborhood and property, and pursue leads door-to-door. Officials stress that anyone with information — even seemingly minor details about suspicious activity in the weeks before Feb. 1 — should contact authorities immediately.

Advertisement

The FBI tip line is 1-800-CALL-FBI (1-800-225-5324). Tips can also be submitted online or to the Pima County Sheriff’s Department at 520-351-4900. Anonymous reports are accepted via 88-CRIME (520-882-7463). The family has encouraged digital media such as doorbell or dashcam footage from the area.

The investigation remains active, with no arrests announced in connection with the abduction itself. Authorities have not ruled out the possibility that the suspect could strike again and continue to ask the public for help solving what Sheriff Nanos has called a targeted crime that has upended a family and captivated the nation.

(Word count: approximately 1,050. This article incorporates the most recent publicly reported developments as of mid-March 2026, including expanded camera reviews, ongoing tip analysis, reward offers and the status of the multi-agency probe.)

Advertisement
Continue Reading

Business

Raymond James raises Jabil stock price target on AI demand strength

Published

on


Raymond James raises Jabil stock price target on AI demand strength

Continue Reading

Business

High Tide Inc. (HITI:CA) Q1 2026 Earnings Call Transcript

Published

on

OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Operator

Good morning. My name is Ina, and I will be your conference operator today. At this time, I would like to welcome everyone to the High Tide First Fiscal Quarter 2026 Unaudited Financial and Operational Results Conference Call.

[Operator Instructions]

Mr. Brownlee, you may begin your conference.

Advertisement

Carter Brownlee
Communications & Public Affairs Advisor

Thank you, operator. Good morning, everyone, and welcome to High Tide Inc.’s quarterly earnings call. Joining me on the call today are Mr. Raj Grover, President and Chief Executive Officer; and Mr. Mayank Mahajan, Chief Financial Officer.

On March 17, 2026, the company released financial and operational results for the fiscal quarter that ended January 31, 2026. Before we begin, please let me remind you that during the course of this conference call, High Tide’s management may make statements, including with respect to management’s expectations or estimates of future performance. All such statements other than statements of historical facts constitute forward-looking information or forward-looking statements within the meaning of the applicable securities laws and are based on assumptions, expectations, estimates and projections as of the date hereof.

Advertisement

Specific forward-looking statements include, without limitation, all disclosures regarding future results of operations, economic conditions and anticipated courses of action. For more information on the company’s risks and uncertainties related to forward-looking statements, please refer

Continue Reading

Business

Advanced Flower Capital: Dividend Yield Haunted By The Specter Of Legacy Loans

Published

on

Advanced Flower Capital: Dividend Yield Haunted By The Specter Of Legacy Loans

This article was written by

The equity market is a powerful mechanism as daily fluctuations in price get aggregated to incredible wealth creation or destruction over the long term. Pacifica Yield aims to pursue long-term wealth creation with a focus on undervalued yet high-growth companies, high-dividend tickers, REITs, and green energy firms.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Advertisement
Continue Reading

Business

Where To Watch Northern Lights Tonight? Geomagnetic Storm Could Bring Aurora as Far South as Illinois

Published

on

NWS reports loud boom was likely a meteor

FAIRBANKS, Alaska — Skywatchers across much of the northern United States and Canada have a prime opportunity to witness the northern lights, or aurora borealis, tonight into early Friday morning as a powerful geomagnetic storm impacts Earth, according to the National Oceanic and Atmospheric Administration’s Space Weather Prediction Center.

Northern lights over the Baltic Sea near Kiel in northern Germany
AFP

The SWPC issued a G2 (moderate) geomagnetic storm watch for March 19 (UTC), which corresponds to late March 18 and early March 19 local time in North America. Forecasters note a chance of conditions escalating to G3 (strong), potentially pushing visible aurora displays farther south than usual. Multiple coronal mass ejections from the sun, detected earlier this week, are expected to arrive, triggering enhanced geomagnetic activity.

The storm’s effects could begin as early as 11 p.m. EDT on March 18 (0300 GMT March 19), with peak moderate G2 conditions most likely between 2 a.m. and 8 a.m. EDT (0600-1200 GMT). The Kp index, a measure of global geomagnetic activity on a scale of 0 to 9, is forecasted to reach around 6 or higher during the peak, expanding the auroral oval southward.

Under these conditions, the aurora viewline — the southernmost boundary for visibility — stretches across states including Alaska, Washington, Oregon, Idaho, Montana, North Dakota, South Dakota, Minnesota, Wisconsin, Michigan, New York, Vermont, New Hampshire and Maine. If G3 levels materialize, sightings become possible low on the northern horizon from northern parts of Illinois, Iowa, Nebraska, Indiana, Ohio, Pennsylvania, Massachusetts, Connecticut and Rhode Island — a rare treat for mid-latitude observers.

In stronger displays, the lights may appear as faint green glows or low horizon bands, sometimes more vivid through long-exposure cameras than to the naked eye. Overhead or colorful pillars are more likely in higher-latitude regions like Alaska or northern Canada.

Advertisement

The best viewing windows fall between 10 p.m. and 2 a.m. local time, though activity can persist or shift. Clear, dark skies away from light pollution are essential. NOAA recommends checking real-time updates on its Aurora Dashboard for the latest OVATION model predictions, which map the aurora’s intensity and location over North America.

Prime locations for tonight include:

– **Alaska**: Fairbanks and Utqiaġvik offer overhead displays under moderate activity. The Geophysical Institute at the University of Alaska Fairbanks provides live all-sky cameras for remote monitoring.

– **Northern U.S. states**: Head to rural areas or state parks with northern views. In Wisconsin, spots like Newport State Park in Ellison Bay, Harrington Beach State Park near Belgium, or Kettle Moraine State Forest provide minimal light pollution. Similar dark-sky sites in Michigan’s Upper Peninsula, Minnesota’s Boundary Waters, or Maine’s Acadia National Park (away from town lights) boost chances.

Advertisement

– **Pacific Northwest**: Northern Washington and Idaho, such as areas near the Canadian border or high-elevation spots in the Cascades or Rockies, could see low northern horizon glows.

– **Northeast**: Vermont, New Hampshire and upstate New York offer potential, especially from elevated viewpoints facing north.

Viewers should dress warmly, allow eyes to adjust to darkness for 20-30 minutes, and face north. Apps like Aurora Forecast or spaceweatherlive.com provide alerts, while NOAA’s 30-minute aurora forecast offers short-term predictions.

This event stems from heightened solar activity during Solar Cycle 25’s peak years (2024-2026), when coronal mass ejections occur more frequently. March often ranks among the best months for aurora due to equinox-aligned geomagnetic responsiveness.

Advertisement

The moon, in a waning gibbous phase, rises later, leaving early evening skies darker for optimal viewing if clouds cooperate. Forecasters warn of potential power grid stress or communication disruptions from the storm, though impacts remain minor at G2-G3 levels.

If tonight’s skies are overcast, activity may linger into March 20, with G1 conditions possible. Aurora enthusiasts are advised to monitor NOAA’s 3-day forecast and local weather for cloud cover.

The northern lights, caused by charged solar particles exciting atmospheric gases, create shimmering curtains of green, purple and red. Tonight’s storm offers one of the season’s strongest chances for widespread sightings in the lower 48 states, a reminder of the sun’s influence on Earth’s skies.

Advertisement
Continue Reading

Business

US Stocks: Trade Desk shares drop 5% after report that Publicis advised clients against using its platform

Published

on

US Stocks: Trade Desk shares drop 5% after report that Publicis advised clients against using its platform
Advertising technology firm Trade Desk’s shares tumbled on Wednesday as Wall Street analysts downgraded the stock after French ad giant Publicis Groupe advised its clients against using the company’s platform.

The stock slid over 5%, adding to Tuesday’s 7.4% drop following Ad Age’s report on a recent Publicis-commissioned audit ‌that found ⁠Trade Desk ⁠had violated multiple clauses of their agreement, prompting the recommendation.

Trade Desk charged multiple fees that exceeded the limits of the agreement and opted clients into extra features without consent, the report said, citing the audit.

Publicis, in an emailed statement on Wednesday, confirmed the report, saying that “an experienced independent auditor concluded that Trade Desk did not pass the audit. As a result, we will no longer be recommending Trade ⁠Desk … for ‌our clients.”

Advertisement

Unlike the closed ad ecosystems of Alphabet’s Google and Meta-owned Facebook, Trade Desk is an independent intermediary that lets companies buy ads ⁠and run campaigns on any website or app they pick.


Trade Desk said it is “aware of questions related to a Publicis audit process.” But it added that “any notion that TTD failed an audit is not true.”
Publicis’ request “included asks for data that would violate customer and partner confidentiality agreements,” Trade Desk said, but added that it would work with the company to provide workable alternatives and other detailed information. Publicis, however, said that none of ‌the options proposed by Trade Desk resolved the issues raised by the audit.

At least two brokerages downgraded Trade Desk following the news, while three lowered their price targets. ⁠The stock has fallen nearly 34.7% this year, following a 68% decline in 2025.

“We’re not quite sure how conservative current 2026 estimates might be if the company does, in fact, lose some of its client base as a result of this audit,” brokerage Stifel said.

The company faces stiff competition from so-called “walled gardens” that integrate content, commerce and user data to attract advertisers. Amazon’s ad-buying platform, in particular, with its vast trove of shopper data, has become a formidable rival.

Advertisement
Continue Reading

Business

Gold price slides below $5,000, drops to over one-month low

Published

on

Gold price slides below $5,000, drops to over one-month low
Spot gold continued to trade lower after the Federal Reserve’s latest policy decision on Wednesday, having hit a more than one-month low due to a stronger dollar and expectations for interest rates to remain higher for longer amid ‌the ongoing ⁠Middle East ⁠conflict.

Spot gold fell 2.9% to $4,860.21 per ounce by 2:58 p.m. ET (1858 GMT), after hitting its lowest level since February 6 earlier in the session. U.S. gold futures for April delivery settled 2.2% lower at $4,896.20.

The U.S. dollar strengthened, making gold less affordable for holders of other currencies.

The Fed held rates steady, as was widely expected, citing somewhat elevated inflation and giving little indication when it might next cut short-term borrowing costs. ⁠Fed officials’ economic ‌projections indicated they expect to cut rates once again this year.

Advertisement

Meanwhile, Federal Reserve Chair Jerome Powell said the latest round of Fed forecasts are ⁠a bit of a shot in the dark given uncertainty created by the Iran war.


“Powell signalled strongly that the Fed is on the sidelines and his gentle dovish hints were not nearly enough to cheer assets or gold, which has been trading like a risky asset. If the market was hoping for a Fed ready to “help” – they didn’t get it,” said Tai Wong, an independent metals trader.
“Gold’s slump under $5,000/oz could be technically troubling, but still ‌won’t impact long-term bullishness.” Gold is a traditional safe haven in times of uncertainty but tends to underperform when rates are high, as it yields no interest.

Meanwhile, a Labor Department report ⁠showed U.S. producer prices increased more than expected in February, and could accelerate further due to the war.

Nearly three weeks into the Iran conflict, there is little sign of de-escalation, keeping benchmark Brent futures above $100 a barrel.

Iran’s huge Pars gas field was hit on Wednesday, a major escalation, prompting Tehran to announce it would respond with attacks on oil and gas targets throughout the Gulf.

Advertisement

In other metals, spot silver fell 4.2% to $75.99, platinum was down 3.9% at $2,041.30, and palladium lost 6.1% to $1,503.97.

Continue Reading

Trending

Copyright © 2025