US Treasury Secretary Proposes Regional Fed President Appointment New Rule: Must Reside in the District for at Least Three Years

On April 2, per Bitget market data, spot gold fell below $4,700 per ounce, posting an intraday loss of 1.22%. Spot silver dropped to $73 per ounce, down 2.73% on the day.

April 2: U.S. President Donald Trump has wrapped up his speech on Iran, with spot gold down 0.79% intraday to $4,702; WTI crude oil is up more than 4.1%, now trading at $103.44.

On April 2, U.S. stock index futures dipped as President Trump delivered a speech on Iran. S&P 500 futures were last down 0.5%. WTI crude climbed above $103 per barrel, up 4.07% intraday. Brent crude jumped $4 intraday to $102.86 a barrel, a 4.06% gain. Trump stated that Iran’s energy facilities would be targeted if no agreement is reached.

April 2: U.S. President Donald Trump stated Iran will face severe retaliation in the next two to three weeks. The response to Iran’s military concerns will hit Iran very fast and very hard. Replacing Iran’s regime is not part of the U.S. plan, but it has occurred. Our objective is clear: destroy Iran’s capability to threaten the United States and dismantle its defense industry. (USDC)

U.S. President Donald Trump stated on April 2 that the U.S. neither needed the Strait of Hormuz in the past nor needs it now. Once the conflict ends, the strait will naturally reopen. Iran is effectively destroyed, and the hardest part is behind us. Iran had been stockpiling conventional ballistic missiles that could soon have reached the U.S. mainland, Europe, and nearly any other location on Earth. Iran possessed certain weapons that no one believed it had, and we destroyed those weapons.

**April 2: Trump on Iran, US Energy Independence & Gas Prices** Former US President Donald Trump said April 2 that Iran’s missile and drone launch capabilities have been greatly diminished, vowing he will never allow Iran to obtain nuclear weapons. He added the US is now fully independent of Middle East energy—partly due to Venezuela’s oil and gas resources. Calling the Iran nuclear deal “flawed,” he said it should never have been struck. On the Iran issue, Trump claimed the core strategic goal is nearly achieved, stressing the mission must be completed quickly. Regarding recent gasoline price hikes, he labeled them a “short-term” phenomenon, predicting a sharp increase in oil production soon. He also stated the US economy has never been so well-prepared.