金价现“完美风暴”上涨逻辑！

Core Viewpoint - The criminal investigation against Federal Reserve Chairman Jerome Powell is perceived as political pressure from the Trump administration due to disagreements over interest rates [1][3]. Group 1: Investigation Details - The investigation is led by a Trump-appointed prosecutor and is seen as a response to Powell's decisions on interest rates, which were made based on public interest rather than Trump's preferences [1][3]. - Powell confirmed that the Department of Justice issued a subpoena related to his testimony before the Senate Banking Committee regarding a multi-year renovation project of the Federal Reserve building [3]. - Powell emphasized the importance of maintaining the Federal Reserve's independence from political pressure and coercion [3][5]. Group 2: Political Context - Since taking office in January 2025, Trump has repeatedly criticized Powell for not lowering interest rates as he desired [4][7]. - The White House has referred the investigation to the Justice Department, and Trump has expressed intentions to remove Powell after his term ends in May 2026 [5][6]. - Key potential successors to Powell include former Fed Governor Kevin Warsh and current National Economic Council Director Kevin Hassett [6]. Group 3: Market Implications - The investigation is expected to create structural bearish pressure on the US dollar, leading to a potential loss of trust in its credibility [9]. - Conversely, gold is anticipated to benefit significantly from this situation, experiencing a dual boost from the depreciation of the dollar and increased market uncertainty [11][12]. - The current market narrative has shifted from focusing on economic and interest rate factors to concerns about institutional integrity and creditworthiness [12].