Mnuchin told CNBC that he's confident President Donald Trump and President Xi Jinping can make progress in stalled trade talks.World Economyread more
U.S. stock index futures jumped Wednesday morning after Treasury Secretary Steven Mnuchin told CNBC that the U.S. and China were almost there on a trade deal.US Marketsread more
President Donald Trump's administration hopes additional sanctions on Iran will force the country to negotiate.Politicsread more
Democrats want Mueller's testimony on his probe into Russian interference in the 2016 election and Trump's efforts to influence it.Politicsread more
Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.Market Insiderread more
Bitcoin surged as high as $12,919 in early morning trade Wednesday, to its highest level since January 2018.Technologyread more
The trade war between Beijing and Washington appears to have depressed Chinese property purchases in the United States. China's own actions may also be playing a role.Real Estateread more
Tesla CEO Elon Musk sent out another email to his employees, pushing them to aim for a record number of vehicle deliveries to end the second quarter of 2019.Technologyread more
More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
The Senate is expected to pass its own version of the border aid legislation, while the Trump administration has threatened to veto both bills.Politicsread more
Some 4 million people have fled the South American country since 2015 amid an economic meltdown.World Politicsread more
Gold was bid higher after Secretary of State Rex Tillerson became the latest high-profile casualty of the Trump administration.
Tillerson, former ExxonMobil CEO, was respected in the markets and was seen as a steady hand but was previously reported as being ready to exit his role. President Donald Trump immediately replaced him with CIA Director Mike Pompeo. Deputy CIA Director Gina Haspel was named CIA director.
Gold futures for April were trading at $1,327, up about a half percent.
"Gold loves any turbulence, any uncertainty," said Kevin Grady, president of Phoenix Futures and Options.
Grady said gold was bid higher after the 8:30 a.m. ET release of CPI showed tame inflation, exactly in line with economists' consensus estimate of a 0.2 percent gain. The low reading on inflation is not likely to spur faster Fed rate hikes, and that also brought in buyers.
The Tillerson exit was also a plus for gold. "The news gives you support but I wouldn't say, 'I need to be long gold. Gold is going to explode because Tillerson is out,'" said Grady. "It's more uncertainty for the market. More uncertainty in general. I think a lot of these things keep a bid in gold."
Gold has tried unsuccessfully to break out. "The 100-day moving average is right around $1,307, and the 200-day is right around $1,297, so we've been holding right around these lows, and the market keeps selling off," he said. "But it's holding these levels because I think there's so much uncertainty in the market."
Grady said Tillerson's exit was viewed as a negative, but the fact that Trump has said he would talk to North Korea was seen as a positive development.