May 7, 2025

By Nigam Arora

To gain an edge, this is what you need to know today.

Gold As An Early Indicator

Please click here for a chart of gold ETF (GLD).

Note the following:

• Here are the four major issues the market is facing today:
  • Indian missiles hit Pakistan. This is critical because both countries are heavily armed with nuclear weapons.
  • Formal talks between the U.S. and China are set to begin this weekend.  Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer are scheduled to meet with Chinese Vice Premier He Lifeng in Switzerland.
  • The Fed will announce its rate decision at 2pm ET, followed by Fed Chair Powell’s press conference at 2:30pm ET.