US EditionGold, Silver Spike To Record Highs As Fed Independence Falters - MACOM Technology Solns (NASDAQ:MTSI)
- On Monday, global precious metals markets saw gold and silver prices jump to record highs, with bullion hitting $4,600.33 and silver reaching $83.96 earlier in the day.
- Amid rising geopolitical tensions, unrest in Iran has killed more than 500 people and Tehran threatened U.S. bases, while U.S. employment growth slowed in December, boosting expectations of at least two Fed rate cuts this year.
- Futures activity indicated U.S. gold futures for February delivery firmed 1.8% to $4,579.10, while the dollar retreated from its strongest level in a month.
- Political and policy pressure contributed to safe‑haven assets gaining as Federal Reserve Chair Jerome Powell said the Trump administration threatened him with a criminal indictment, a `pretext` to pressure the Fed to lower rates amid geopolitical/economic uncertainty.
- Looking beyond gold and silver, spot platinum climbed to $2,349.59 after a December 29 peak of $2,478.50, while palladium gained to $1,877.96, and Waterer said central banks' appetite will grow this year.
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69 Articles
Trump’s attack on Fed skyrockets gold, silver to record highs
Donald Trump and Jerome Powell at the Federal Reserve renovation project in July, 2024. (Official White House Photo by Daniel Torok)Donald Trump’s latest salvo in his war against the independence of the Federal Reserve sent gold and silver prices to new all-time highs Monday. Nevada is the nation’s largest gold producer, and the second largest producer of silver, after Alaska. Over the weekend, Fed Chair Jerome Powell announced he was under inve…
Shocking images from Iran show the brutal action of the Mullah regime against its own population. And: The gold price starts in the new year with a significantly faster increase than expected. Two striking developments continue to drive the precious metal boom and fuel the gold rush. These are among others the topics at the news on 12 January, with moderator Stefana Madjarov.
Gold and silver reached record prices on Monday, January 12, after the U.S. Department of Justice announced a Federal Reserve investigation, which generated fears of a loss of central bank autonomy.Feed President Jerome Powell confirmed Sunday that he could face criminal charges in the framework of President Donald Trump's pressure campaign on monetary policy decisions. Gold reached $4,600 an ounce and silver reached $85, both record prices, whe…
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