Gold Rallies While Bitcoin Falters as Fed Pressure Shakes Dollar – Analyst Expects Further Bear
Yahoo Finance·2026-01-12 14:00
Gold and silver surged during the Asian market open, while Bitcoin struggled to maintain momentum amid escalating tensions between the Federal Reserve (Fed) and the Trump administration, triggering a flight to traditional safe havens. The divergence intensified after the Department of Justice’s actions against Fed Chair Jerome Powell sparked concerns about central bank independence, with gold climbing 1.72% and silver soaring over 4.5% in 24 hours, while Bitcoin retreated sharply from $92,000 to $90,000. ...