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26 Feb 2026 1:10
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      Home > News > Business

    Gold price plummets as markets prepare for Fed chair announcement — as it happened

    The prices of gold and silver have plummeted in Asian trade as markets prepare for a surprise Federal Reserve announcement, and the ASX 200 has finished the week on a negative note. Look back on the day's finance news in our business blog.


    The prices of gold and silver have dived in Asian trade as markets prepare for a surprise Federal Reserve announcement.

    US President Donald Trump says he intends to announce his pick to replace Federal Reserve Chair Jerome Powell on Friday, local time, with speculation intensifying that the nod will go to former Fed governor Kevin Warsh.

    The ASX 200 has finished the week on a negative note, but the market responded positively to Nine selling off its radio assets.

    Look back on the day's finance news in our business blog.

    Disclaimer: this blog is not intended as investment advice.

    [finance jan 30 blog]

    © 2026 ABC Australian Broadcasting Corporation. All rights reserved

     Other Business News
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     25 Feb: Woolworths New Zealand's revenue has increased to 4.41 billion dollars
     25 Feb: Meridian's strong bounce-back in the second half of last year has renewed talk of hydro expansion
     25 Feb: Critical support's rolling out to at-risk regional airlines - with Golden Bay Air announced as a first loan recipient
     25 Feb: A sharp drop in alcohol production last year - although spirits had a small lift
     25 Feb: Four years of war in Ukraine leaves Russia a 'spent force' with diminished influence, analyst says
     24 Feb: Mercury's achieved a strong return to profit
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