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Summary of Jerome Powell's Testimony and Its Impact on the Markets:

Federal Reserve Chairman Jerome Powell will testify before Congress today and tomorrow to discuss monetary policy, amid expectations of a strong impact on the markets.

Monetary Policy: The Fed kept interest rates steady between 4.25% - 4.75% to achieve a balance between inflation and economic stability.

Market Impact:

Gold: Reached an all-time high of $2942 due to economic concerns.

Oil: Declined amid Trump's efforts to boost production.

Cryptocurrencies: Experienced a drop due to decreased risk appetite.

Recommendations: Investors should be cautious and manage risks, as Powell's statements may lead to significant market volatility.